General Electric : Another milestone for Dogger Bank Wind Farm as it reaches financial close for third phase

(Market Screener, Annecy, 2 December 2021) General Electric announced that the Dogger Bank Wind Farm, between 130km and 190km off the north-east coast of England in the North Sea, reached financial close on debt financing for phase C, the third 1.2 GW phase. Upon completion, Dogger Bank is expected to be the world's largest offshore wind farm with the total number of Haliade-X units to be installed at Dogger Bank reaching 277.  GE Energy Financial Services ("GE EFS") partnered with the co-sponsors to support insurance cover from Bpifrance, which insured a portion of the ECA debt financing. Separate debt facilities structured by the co-sponsors are supported by EKN, the Swedish export credit agency and Export Finance Norway (Eksfin), the Norwegian export credit agency. Dogger Bank C will connect to the grid at Lackenby England.