Eversheds Sutherland has advised the Forewind consortium on the arrangements to swap ownership interests in the four consented Dogger Bank offshore wind projects.
The 4.8GW development, located more than 130km off the Yorkshire Coast, comprises four offshore wind farm projects of 1.2GW each: Creyke Beck A, Creyke Beck B, Teesside A and Teesside B.
Prior to the swap innogy, SSE and Statoil each owned interests in all four projects. Statkraft divested its interest to SSE and Statoil in March 2017.
Following the transaction, Statoil and SSE will own 50% each in the three projects: Creyke Beck A and B and Teesside A, while innogy will own 100% of Teesside B.
The Eversheds Sutherland team was led by corporate Partner Jason Lovell, with support from Associates Chris Pass and Oliver Weerasuriya. Partner James Trafford and Senior Associates James Shawe and Nadine Gutteridge led on the real estate aspects of the deal.