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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Equinor ASA    EQNR   NO0010096985

EQUINOR ASA

(EQNR)
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SSE, Equinor sign PPA for UK Dogger Bank offshore wind farm first phases

11/24/2020 | 05:48am EST
FILE PHOTO: Equinor's flag flutters next to the company's headqurters in Stavanger

LONDON (Reuters) - SSE and Equinor have agreed 15-year power purchase agreements (PPAs) for the first two phases of the Dogger Bank offshore wind farm they are developing off the coast of Britain, the companies said on Tuesday.

Separate PPA's totalling 2.4 gigawatts of capacity for power from Dogger Bank A and B have been reached with Orsted, Shell Energy Europe Ltd, Danske Commodities and SSE's energy supply business, SSE and Equinor said in a statement.

Orsted will take 40% of the power and the other firms 20% each, the statement said.

The deals are subject to the project reaching financial close which is expected shortly, SSE and Equinor said.

No financial details of the PPAs were disclosed.

(Reporting by Susanna Twidale; editing by Jason Neely)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
EQUINOR ASA -1.57% 163 Real-time Quote.12.45%
ORSTED A/S 0.93% 1253.5 Delayed Quote.0.80%
SSE PLC 2.55% 1547 Delayed Quote.3.13%
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Financials (USD)
Sales 2020 45 370 M - -
Net income 2020 -2 495 M - -
Net Debt 2020 18 888 M - -
P/E ratio 2020 -25,7x
Yield 2020 2,49%
Capitalization 62 440 M 62 432 M -
EV / Sales 2020 1,79x
EV / Sales 2021 1,35x
Nbr of Employees 21 412
Free-Float 31,9%
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Technical analysis trends EQUINOR ASA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 19,30 $
Last Close Price 19,19 $
Spread / Highest target 42,2%
Spread / Average Target 0,57%
Spread / Lowest Target -43,0%
EPS Revisions
Managers and Directors
NameTitle
Anders Opedal President & Chief Executive Officer
Jon Erik Reinhardsen Chairman
Jannicke Nilsson Chief Operating Officer
Svein Skeie Chief Financial Officer
Bjørn Tore Godal Independent Non-Executive Director
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