Equinor and SSE have each completed the sale of 10% interests in both the Dogger Bank A and B offshore wind farms off the east coast of England to Eni.
Eni now holds 20% stakes in each project, which both will have capacity of 1.2GW, with SSE Renewables and Equinor each holding 40%.
Equinor said the total consideration received at closing is £206.4m, with the SSE deal on the same terms.
There is no change to the third phase of the wind farm, 1.2GW Dogger Bank C, with Equinor and SSE each having a 50% stake.
Equinor said the farm down to Eni is its third offshore wind transaction in less than two years.
The three transactions combined – divestments of non-operated interests in Arkona, Empire Wind/Beacon Wind and Dogger Bank A and B projects – have generated an accounting gain of approximately $1.5bn, the company said.
“This demonstrates the company’s track record in consistently capturing value from world class assets,” Equinor said.
Dogger Bank will be the first project to use the 13MW GE Haliade-X turbines and when fully completed in 2026, each phase will be able to produce 6 terrawatt-hours of electricity.