ABP presents plan to turn Port of Barrow into renewables hub
Sep 18, 2024 14:41 CESTSSE Energy Markets, the commercial energy market subsidiary of British utility SSE plc (LON:SSE), has clinched a deal to off-take 50% of the electricity coming from the 1.1-GW Inch Cape offshore wind farm project in Scotland.
The power procurement and purchase of related environmental benefits will take place under a route-to-market power purchase agreement (PPA) with Inch Cape Offshore Ltd, the project developer said on Monday. The contract has a term of 15 years.
The Inch Cape Offshore Wind Farm will be built in the North Sea, around 15 km (9.3 miles) off the East Coast of Scotland. The project is owned by a joint venture between Edinburgh-based renewables investor Red Rock Power Ltd and Irish energy company ESB. The partners expect to achieve financial closing later this year and commission the plant in 2027.
Construction of the project’s onshore substation is already underway and the manufacturing of the offshore substation jacket and platform is progressing.
The 72-turbine wind park, to be powered by Vestas’ V236-15.0 MW machines, will become Scotland’s largest single source of renewable power when completed. The project was among the winners in the UK’s fourth contract for difference (CfD) allocation round in 2022.
ABP presents plan to turn Port of Barrow into renewables hub
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