Dogger Bank Offshore Wind Farm’s £5.5 Billion Project Financing And Development

Dogger Bank Offshore Wind Farm's £5.5 Billion Project Financing And Development

Linklaters has advised SSE Renewables and Equinor New Energy on the deal. Norton Rose Fulbright advised the banks and export credit agencies.

The Dogger Bank Wind Farm will be the largest offshore wind farm in the world, once all three phases are complete in 2026. Located off the North East coast of England, the windfarm will be capable of powering up to 6 million British homes.

The debt financing for the Dogger Bank A and Dogger Bank B wind farms, which reached financial close today, is being provided by a record-breaking club of 29 banks and three export credit agencies (Bpifrance Assurance Export, EKN – The Swedish Export Credit Agency, and GIEK – The Norwegian Export Credit Guarantee Agency). Dogger Bank A and Dogger Bank B will use GE’s 13MW Haliade-X turbine. Installation at Dogger Bank A will be the first time the turbine is installed in the world.

SSE Renewables and Equinor New Energy are the owners ot the Dogger Bank Wind Farm.

The Linklaters team was led by partners Richard Coar (Picture) and John Pickett and by Managing Associate Francesca Matthews. Key team members include Elisabeth Johnson, Andrew Penfold and Ross Schloeffel.

The Norton Rose Fulbright team included Christine Ezcutari, Alexandre Roth, Paolo Pinna, Rob March, Andrew Hedges, Matthew Hardwick, Ben Carrozzi, Chris Aird, Melusi Dlamini, Charles Winch, Dan Wagerfield, Caroline May, Sarah Fitzpatrick, Lucy Bruce Jones, George Sismey-Durrant, Davide Barzilai, Daniel Franks, Richard Blackburn, Matt Hodkin and Will Scott.

Involved fees earner: Richard Coar – Linklaters; Elisabeth Johnson – Linklaters; Francesca Matthews – Linklaters; Andrew Penfold – Linklaters; John Pickett – Linklaters; Ross Schloeffel – Linklaters; Davide Barzilai – Norton Rose Fulbright; Richard Blackburn – Norton Rose Fulbright; Lucy Bruce Jones – Norton Rose Fulbright; Benjamin Carrozzi – Norton Rose Fulbright; Christopher Aird – Norton Rose Fulbright; Melusi Dlamini – Norton Rose Fulbright; Christine Ezcutari – Norton Rose Fulbright; Sarah Fitzpatrick – Norton Rose Fulbright; Daniel Franks – Norton Rose Fulbright; Matthew Hardwick – Norton Rose Fulbright; Andrew Hedges – Norton Rose Fulbright; Matt Hodkin – Norton Rose Fulbright; Rob Marsh – Norton Rose Fulbright; Caroline May – Norton Rose Fulbright; Paolo Pinna – Norton Rose Fulbright; Alexandre Roth – Norton Rose Fulbright; Will Scott – Norton Rose Fulbright; George Sismey-Durrant – Norton Rose Fulbright; Dan Wagerfield – Norton Rose Fulbright; Charles Winch – Norton Rose Fulbright;

Law Firms: Linklaters; Norton Rose Fulbright;

Clients: Bpifrance; EKN – The Swedish Export Credit Agency; Equinor New Energy; GIEK – The Norwegian Export Credit Guarantee Agency; SSE Renewables;

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