Financial Close for Beatrice Offshore Transmission Project

OFTOProject UpdatesTransmission Investment

Transmission Capital Partners, the consortium comprising INPP, Amber Infrastructure Group and Transmission Investment (‘the Consortium’), has successfully reached financial close for the long-term ownership and operation of the transmission link to the 588MW Beatrice offshore wind farm (the ‘OFTO’), Scotland’s largest operational offshore wind farm.

The project relates to the transmission cable connection to the offshore wind farm located in the Outer Moray Firth, approximately 13.5km off the Caithness coastline in Scotland. The wind farm consists of 84 x 7MW wind turbine generators connected to two offshore substation platforms located within the boundaries of the Beatrice wind farm.  The Beatrice OFTO will transmit green electricity equivalent to around 450,000 UK homes, increasing the number of homes that are powered via the Company’s managed OFTO portfolio to approximately 1.8 million homes. Asset handover will take place on 4th August 2021 at an asset transfer price of £437.9m.