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Agreement for sale of Beatrice transmission assetsBeatrice Offshore Wind Farm, a joint venture owned by SSE Renewables (40%), Red Rock Power (25%), The Renewables Infrastructure Group (17.5%) and Equitix (17.5%), has announced that it has signed an agreement to sell the Offshore Transmission Assets (OFTO) of the 588MW Beatrice Offshore Wind Farm to Transmission Capital Partners, a consortium comprising International Public Partnerships, Amber Infrastructure Group and Transmission Investment.
The sale relates to the transmission cable connection to the offshore wind farm located in Scotland’s Outer Moray Firth, approximately 13.5km off the Caithness coastline in Scotland. Beatrice Offshore Wind Farm comprises 84 Siemens Gamesa 7MW 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. Beatrice Offshore Wind Farm Limited will provide logistics and reactive services support to Transmission Capital Partners under an Operations and Maintenance (O&M) agreement.
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