Transmission Capital Partners awarded PB for transmission link project of 588 MW Beatrice wind farm

International Public Partnerships Limited (INPP) has announced that Transmission Capital Partners, the consortium comprising INPP, Amber Infrastructure, and Transmission Investment has been appointed as preferred bidder for the long-term license and operation of a further offshore transmission project ('OFTO').

The latest scheme, comprising the transmission cable connection to Beatrice Offshore Wind Farm represents the ninth such project that Transmission Capital Partners has been appointed to, as the preferred bidder.  INPP expect to invest up to GBP60 million (US$78.8 million), with financial close to occur later in 2020.

The project relates to the transmission cable connected 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 7 MW wind turbine generators with an installed capacity of 588 MW connected to two offshore substation platforms (OSP) located within the boundaries of the Beatrice wind farm. It is Scotland's largest offshore wind farm.

The consortium 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 ('RPI').

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