Energy firm SSE said “significant progress” has been made towards a major wind farm development off the Moray coast, as it announced a new partner for the project.
The Beatrice offshore wind farm in the outer Moray Firth could generate as much as 750 megawatts of electricity from its 140 turbines when it is up and running.
SSE has agreed to sell a portion of its shareholding to fund management company Copenhagen Infrastructure Partners (CIP), which will own 25% of the project after the deal has gone through. SSE will then own 50% and Repsol Nuevas Energias UK will have the remaining 25%.
Brian McFarlane, project director for Beatrice Offshore Wind Farm Ltd, said: “The Beatrice project has continued to make significant progress since our review of offshore development projects in March this year, achieving consent and securing an investment contract from the UK Government.
“Whilst there is still a significant amount of work to be done, this latest milestone allows the project to continue progressing towards a final investment decision in 2016. We will be working closely with Repsol, CIP and our supply chain partners to further reduce costs and refine the development and construction programme.”
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