Our activities in the UK

HyNet North West and Hewett, our decarbonisation projects

The Heads of Terms agreed with the UK Department for Energy Security and Net Zero (DESNZ) outlines an innovative economic, regulatory, and governance model for the transport and storage of carbon dioxide in the HyNet North West CCS industrial cluster and it is an important step towards its full operation,  securing revenues to ensure returns on Regulated Asset Base (RAB) for CO2 transport and storage for companies in the north west of England and north Wales. Our goal is to transform one of the UK's most energy-intensive industrial areas into the first low-carbon industrial cluster in the world. The initiative will allow the construction of a hub that will use our depleted reservoirs located  about 30 kilometers off the coast in Liverpool Bay, with start-up  in 2025 and a target storage capacity of 10 million tonnes a year from 2030.  We have also submitted an application  to the UK authorities for an additional  carbon dioxide storage license in the Hewett depleted gas field where we plan to develop a CCS project that will contribute to the decarbonisation of the Bacton and Thames Estuary area.  

Developments in the renewable energy business

We are active in the market for the production of electricity from offshore wind power thanks to the acquisition of a 20% stake from Equinor and SSE Renewables in the Dogger Bank project.  The plan involves the installation of 190 state-of-the-art turbines, each , with a capacity of 13 MW, at a distance of 130 kilometers from the northeastern coast of the country for a total capacity of 2.4 GW. When fully operational, Dogger Bank will be able to produce enough renewable electricity equivalent to about 5% of the UK’s demand, providing energy to around six  million homes.