SSE sells 10 % in 588 MW Beatrice offshore wind farm to Copenhagen Infrastructure Partners
SSE has today confirmed the sale of a further 10% stake in the 588 MW Beatrice offshore wind farm to joint venture partner Copenhagen Infrastructure Partners (CIP).
The news marks another key step in the project’s preparation for construction, in advance of the upcoming final investment decision due in March 2016. SSE (40%) continues to act as lead operator of the project alongside CIP (35%) and Repsol (25%).
The Beatrice project is located in Outer Moray Firth, Scotland, on the north-western point of the Smith Bank, 13.5km from the Caithness coastline at the closest point. It is one of five offshore wind projects in the UK awarded an Investment Contract by the UK government (fixed inflation indexed settlement price for a 15 year period). The project was substantially developed by SSE plc and Repsol S.A. The offshore wind farm is planned to be fully operational in 2019.
CIP acquired in November 2014, on behalf of its two funds, Copenhagen Infrastructure I and II, the 25% of the offshore wind farm from SSE.
Copenhagen Infrastructure I has PensionDanmark as their sole investor while Copenhagen Infrastructure II K/S has at least eight Danish institutional investors: PensionDanmark, Lægernes Pensionskasse, PBU, JØP, DIP, Nordea, Nykredit and PFA.
Country news
-
-
January 18, 2016
Atlantis announces the appointment of Cameron Smith as Director of Project Development
Atlantis, a company focused on the tidal power sector, has announced the appointment of Cameron Smith, as Director of Project Development. Read more -
January 14, 2016
RenewableUK appoints new Chief Executive
Renewable UK has appointed a new chief executive, Hugh McNeal, who is currently director of change at the Department of Energy and Climate Change (Decc). Read more -
January 08, 2016
Swedish pension fund AMF acquires stake in offshore wind farm
UK Vattenfall is selling 49 % of its ownership in the Ormonde offshore wind farm in the Irish Sea to the pension company AMF. Read more -
January 08, 2016
Atlantis announces proposed acquisition of Tidal Projects from ScottishPower Renewables
Atlantis has agreed to acquire two projects from ScottishPower Renewables for its Scottish tidal development company, Tidal Power Scotland. Read more -
January 05, 2016
Infrastructure UK CEO Geoffrey Spence joins Lloyds as global head of infrastructure, resources and energy
According to Reuters, Lloyds Bank Commercial Banking has appointed Infrastructure UK CEO Geoffrey Spence as its global head of infrastructure, resources and energy. He will join Lloyds Banking Group in March. Read more
