Beatrice Offshore Wind Farm Ltd., a joint venture owned by SSE Renewables, Red Rock Power Ltd., The Renewables Infrastructure Group and Equitix, has signed an agreement to sell the offshore transmission assets (OFTO) of the 588 MW Beatrice Offshore Wind Farm to Transmission Capital Partners, a consortium comprising International Public Partnerships Ltd., Amber Infrastructure Group and Transmission Investment.
Beatrice Offshore will provide logistics and reactive services support to Transmission Capital Partners under an operations and maintenance agreement. The sale agreement follows the selection in December 2019 by Ofgem of Transmission Capital Partners as the preferred bidder for the offshore transmission license for the Beatrice Offshore Wind Farm as part of a competitive offshore transmission tender process.
The sale relates to the transmission cable connection to the offshore wind farm located in Scotland’s Outer Moray Firth, approximately 13.5 km off the Caithness coastline in Scotland. Beatrice Offshore Wind Farm comprises 84 Siemens Gamesa 7 MW wind turbine generators connected to two offshore substation platforms located within the boundaries of the wind farm.
The transmission assets include two offshore transformer modules, the onshore substation at Blackhillock and export cables, and hold an asset value of £437.9 million.
The wind farm became fully operational in June 2019 following seven years of development and three years of construction.