Once completed, the Dogger Bank Wind Farm in Britain — a 50:50 joint venture between the two firms — will have a total capacity of 3.6 gigawatts (GW). The first two phases, Dogger Bank A and Dogger Bank B, will be built simultaneously, with each having a capacity of 1.2 GW. The third phase of the project, Dogger Bank C, is being developed to a different schedule, with a financial close expected toward the end of 2021. In a statement, SSE said funding for the first two phases of the project represented "the largest ever offshore wind project financing anywhere in the world." Investment for Dogger Bank A and B will amount to approximately £6 billion (around $8 billion), it added. According to the website of the Dogger Bank project, which will be located in waters off the northeast coast of England, the final group of lenders is made up of 29 banks and three export credit agencies. SSE Renewables is heading up construction of the facility, while its operations are to be led by Equinor. The scale of the overall scheme, which is due to be finished in 2026, is considerable. Equinor and SSE have both described it as the "world's biggest offshore wind farm." Phases A and B will use GE's 13 megawatt Haliade-X turbine, while the wind farm as a whole will have the ability to power as many as 4.5 million homes in the U.K. annually. Onshore construction works for the project started earlier this year. Pål Eitrheim, Equinor's executive vice president for these details New Energy Solutions, described reaching financial close for the first two phases as "a major milestone." SSE's Chief Executive, Alistair Philips-Davies, said the investment would "help drive a green recovery from coronavirus through the project's construction over the next five years, creating jobs and boosting the local economy."  Last month, U.K.

https://www.cnbc.com/2020/11/26/worlds-largest-offshore-wind-farm-seals-8-billion-financing-deal.html [Production]

Financial legends say these habits made them wealthy You can start much smaller than Oprah did with her 10% stake. A popular, commission-free investing app allows you to invest in anything, even huge companies like Tesla, with as little as $5. Vince Valitutti/New Line/Kobal/Shutterstock You probably know monotone actor Ben Stein from Ferris Bueller’s Day Off or the game show Win Ben Stein's Money. But Stein also is a lawyer, economist, former presidential speechwriter and author of numerous books about money management. In an interview with CBS News, Stein said one of his money-saving tips is to get and stay married. “Getting a divorce is incredibly expensive. A second divorce and third divorce … can put you in the ground very, very quickly," he said. Divorce and debt typically go together, a MoneyWise survey found. About 40% of respondents said divorce had saddled them with more than $5,000 in debt. You’re probably not surprised to hear that a man who famously floated round the world in a hot air balloon is adamant about following your dreams.