Beatrice Sells Offshore Transmission Assets
Beatrice Offshore Wind Farm Limited has signed an agreement to sell the offshore transmission assets (OFTO) of the 588 MW Beatrice offshore wind farm to Transmission Capital Partners.
The sale agreement follows the selection in December 2019 by Ofgem of Transmission Capital Partners, a consortium comprising International Public Partnerships Limited, Amber Infrastructure Group, and Transmission Investment, as the preferred bidder for the offshore transmission licence for the Beatrice 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 kilometres 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 GBP 437.9 million. The sale takes place in accordance with the OFTO regime as part of Ofgem’s Tender Round 6.
Beatrice Offshore Wind Farm Limited will provide logistics and reactive services support to Transmission Capital Partners under an Operations and Maintenance (O&M) agreement.
Beatrice became fully operational in June 2019 following seven years of development and three years of construction, and was officially opened two years ago this week by HRH The Prince Charles, The Duke of Rothesay.
Beatrice is operated and maintained from its base at Wick Harbour on the north east coast of Scotland. Its 84 wind turbines are capable of providing enough wind powered electricity for up to 450,000 homes.
Beatrice Offshore Wind Farm Limited is a joint venture owned by SSE Renewables (40 per cent), Red Rock Power Limited (25 per cent), The Renewables Infrastructure Group (17.5 per cent) and Equitix (17.5 per cent).