Dogger Bank offshore wind farm

Background

The Dogger Bank project is part of the UK’s strategy to accelerate its energy transition through contracts for difference (CfD), a support mechanism for low-carbon energy. This major infrastructure off the British coast will supply electricity to 6 million households, thus contributing to the reduction of CO₂ emissions.

Solution provided

Sfil is supporting this strategic project by providing part of the BPI-Assurance Export export credit ttranche allowing the financing of the Haliad-X turbines produced by GE revewable Energy, the most powerful in the world. These turbines are manufactured in France, at two industrial sites, the first one in Cherbourg (involving 800 jobs) and the second one in Montoir-de-Bretagne (involving 400 jobs), thus strengthening French industrial expertise.

Results

With a total investment of 10 billion euros, Dogger Bank strengthens the offshore wind sector, which represents 5,200 full-time equivalent jobs in France. This project marks a major step forward in the development of renewable energies on a global scale.

Still under construction, the site has already been producing electricity since 2023 and is planning for a phase D, a fourth wind farm increasing its capacity to 5.6 GW of energy capacity in total.