Law firm Eversheds Sutherland has supported the divestment of Statkraft’s 25% stake in the 4.8GW Dogger Bank offshore wind project off the east UK coast.
The Norwegian utility sold its stake to Forewind project partners Statoil and SSE. Both now hold 37.5% shares with Innogy maintaining its 25% share.
Eversheds Sutherland negotiated the divestment, the law firm said.
Forewind General Manager Trevor Baker said the deal was complicated by the nature of the Dogger Bank development.
“It is comprised of four separate projects owned by 36 separate entities through a combination of incorporated and unincorporated joint ventures, so this was a relatively complex transaction,” Baker said.
“We are pleased to have supported Forewind on this latest step and our team looks forward to continuing to work with the participants to deliver the projects,” said the law firm’s corporate energy partner Jason Lovell.
Image: Forewind
Eversheds supports Dogger deal
Statoil, SSE and Innogy stay on at 4.8GW project after Statkraft exit
By EBS