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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  SSE plc    SSE   GB0007908733

SSE PLC

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SSE, Equinor Order 190 GE Turbines For Dogger Bank Project

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09/22/2020 | 07:36am EDT

By Jaime Llinares Taboada

 

SSE PLC and Equinor ASA said Tuesday that they have ordered 190 wind turbines from GE Renewable Energy, a subsidiary of General Electric Co., to be installed at the U.K.'s Dogger Bank offshore wind farm project.

The FTSE 100 energy company said the deal is subject to the first two phases of Dogger Bank reaching financial close. Turbine installation is due to begin in 2023. This is the first time the 13-megawatt Haliade-X turbines will be installed globally, SSE said.

GE will use the Able Seaton Port in Hartlepool as base for the delivery of the projects, and this will lead to the creation of 120 new skilled jobs during the construction phase.

Based in the North Sea off the east coast of England, Dogger Bank is the world's largest offshore wind farm under development. It will be constructed in three phases, with a combined generation capacity of up to 3.6 gigawatts. SSE has a 50% interest in the project, with the other half belonging to Equinor.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 


Stocks mentioned in the article
ChangeLast1st jan.
EQUINOR ASA -1.02% 121.25 Delayed Quote.-30.91%
GENERAL ELECTRIC COMPANY 0.68% 7.42 Delayed Quote.-33.51%
SSE PLC 0.40% 1255 Delayed Quote.-12.76%
WTI -1.29% 35.72 Delayed Quote.-41.06%
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Sales 2021 6 879 M 8 908 M 8 908 M
Net income 2021 711 M 921 M 921 M
Net Debt 2021 9 724 M 12 592 M 12 592 M
P/E ratio 2021 18,2x
Yield 2021 6,47%
Capitalization 12 953 M 16 781 M 16 773 M
EV / Sales 2021 3,30x
EV / Sales 2022 3,22x
Nbr of Employees 11 676
Free-Float 99,1%
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Number of Analysts 19
Average target price 1 443,42 GBX
Last Close Price 1 255,00 GBX
Spread / Highest target 36,7%
Spread / Average Target 15,0%
Spread / Lowest Target -4,78%
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Alistair Phillips-Davies Chief Executive Officer & Executive Director
Richard D. Gillingwater Chairman
Gregor Alexander Finance Director & Executive Director
Martin Pibworth Independent Non-Executive Director
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