Eni Acquires 20% Stake of Largest Offshore Wind Project in UK

Eni Acquires 20% Stake of Largest Offshore Wind Project in UK

Eni announced entering the world’s largest offshore wind project for producing electricity in the United Kingdom (UK) after acquiring a 20% stake from Equinor New Energy and SSEW Renewables of Dogger Bank (A and B) project, according to a press release.

The project which is expected to cost EUR 6 billion, includes installation of 190 state-of-the-art turbines located at 80 miles from the British coast. Each turbine has a capacity of 13 megawatt (MW) for a total capacity of 2.4 gigawatt (GW).

This project is the first of its kind and will generate around 5% of UK demand for renewable electricity and energy to about six million British families. It will be implemented on two phases, the first will be completed in 2023, while the second will be executed by 2024.

For his part, Claudio Descalzi, CEO of Eni, commented: “For Eni, entering the offshore wind market in Northern Europe is a great opportunity to gain further skills in the sector thanks to the collaboration with two of the industry’s leading companies, and to make a substantial contribution to the 2025 target of 5 GW of installed capacity from renewables, an intermediate step towards the more ambitious target of zero net direct and indirect greenhouse gas emissions in Europe by 2050.”



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