Winner for Scottish OFTO

Ofgem has selected a preferred bidder for the Beatrice Offshore Wind Farm offshore transmission project (OFTO)

Transmission Capital Partners - comprising International Public Partnerships (INPP), Amber Infrastructure and Transmission Investment - has been appointed for the long-term license and operation of the OFTO.

The project relates to the transmission cable connection to the offshore wind farm located in the Outer Moray Firth, 13.5km off the Caithness coastline in Scotland.  The wind farm consists of 84 x 7MW wind turbine generators with an installed capacity of 588MW connected to two offshore substation platforms located within the boundaries of the Beatrice wind farm. It is Scotland's largest offshore wind farm.

INPP expects to invest up to GBP60m, with financial close to occur later in 2020.

It is the ninth OFTO scheme awarded to Transmission Capital Partners.

The company takes no exposure to electricity production or price risk but is paid a pre-agreed, availability-based revenue stream over 23 years which is fully linked to UK inflation.

The offshore wind farm connected by this transmission project is owned by SSE Renewables (40%), Copenhagen Infrastructure Partners (35%) and SDIC Power (25%).

Amber Infrastructure is the investment advisor to INPP.