LONDON – Bracewell (UK) LLP represented Eni S.p.A. in its agreement to acquire a 20 percent interest in the Dogger Bank C 1.2 GW offshore wind farm project from Equinor and SSE.
Closing of the acquisition is expected in Q1 2022 subject to customary closing conditions.
The transaction follows Eni’s acquisition of a 20 percent interest in the Dogger Bank (A and B) projects earlier this year. Dogger Bank A is expected to commence commercial operations in 2023, with phases B and C expected to follow in 2024 and 2025, respectively. At completion, the Dogger Bank wind farm as a whole (phases A, B and C) will be the world’s largest offshore wind farm with an installed capacity of up to 3.6 GW, enough renewable electricity to supply 5 percent of the UK’s total demand.
The transaction supports Eni in its aim to achieve 15 GW of installed renewable capacity by 2030.
“We are delighted to have supported Eni on this matter and on its ongoing expansion into renewable energy” said Darren Spalding, who led the Bracewell team. “This transaction, together with our representation of Eni in its acquisition of an interest in the first two phases of the Dogger Bank project, is another fantastic example of the depth of our energy practice.”
Bracewell lawyers involved in the transaction include:
Partners: Darren Spalding, Oliver Irwin, Tom Swarbrick and Andrej Kormuth
Associates: Lauren Kelsall, Adam Quigley, Suyin Tan and Shayan Najib