SSE Renewables and Equinor sign largest ever offshore wind loan for Dogger Bank

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By Mike Turner
01 Dec 2020

The UK’s SSE Renewables and Norway’s Equinor, two energy companies, have signed what lenders say is the largest ever offshore wind project financing, a £5.5bn package for a wind farm off the UK coast.

The multi-tranche deal is for the 3.6GW Dogger Bank Wind Farm, off the coast of Yorkshire. It will be built in three 1.2GW instalments. 

“This is the largest offshore wind farm project financing on record,” said a loans banker who worked on the deal. “It was a complex collection ...

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