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:50 joint venture between the two firms \u2014 will have a total capacity of 3.6 gigawatts (GW).<\/p>\n<\/p>\n
Once completed, the Dogger Bank Wind Farm in Britain \u2014 a 50:50 joint venture between the two firms \u2014 will have a total capacity of 3.6 gigawatts (GW).<\/p>\n
The first two phases, Dogger Bank A and Dogger Bank B, will be built simultaneously, with each having a capacity of 1.2 GW.<\/p>\n
The third phase of the project, Dogger Bank C, is being developed to a different schedule, with a financial close expected toward the end of 2021.<\/p>\n
In a statement,\u00a0SSE\u00a0<\/strong>said funding for the first two phases of the project represented \u201cthe largest ever offshore wind project financing anywhere in the world.\u201d Investment for Dogger Bank A and B will amount to approximately \u00a36 billion<\/strong> (around $8 billion), it added.<\/p>\n According to the website of the Dogger Bank project<\/strong>, which will be located in waters off the northeast coast of England, the final group of lenders is made up of 29 banks<\/strong> and three export credit agencies. SSE Renewables<\/strong> is heading up construction of the facility, while its operations are to be led by Equinor.<\/p>\n The scale of the overall scheme, which is due to be finished in 2026<\/strong>, is considerable. Equinor<\/strong> and SSE<\/strong> have both described it as the \u201cworld\u2019s biggest offshore wind farm<\/strong>.\u201d<\/p>\n