Offshore wind farm joint venture sealed
Edinburgh-based Red Rock Power has formed a joint venture with Irish energy group ESB as a vast Scottish offshore wind farm pushes ahead.
The 50:50 partnership will harness the “wealth of expertise” that both companies have within the wind energy sector and support their“mutual growth ambitions”.
As well as powering up to one million homes, the Inch Cape offshore wind farm development is poised to play a key role in a green economic recovery through the creation of skilled jobs and opportunities for the local supply chain.
Inch Cape is set to be built about nine miles off the Angus coast. The project recently received approval to increase its capacity to up to one gigawatt. The wind farm will connect into the national grid at Cockenzie in East Lothian.
Guy Madgwick,R ed Rock Power chief executive, said: “Inch Cape will, without a doubt, make a considerable impact on the country’s clean energy targets and create significant opportunities to support a green economic recovery.
“We look for ward to working alongside our colleagues at ESB on the project.”
Jim Dollard, executive director generation and trading at ESB, said: “We look for ward to pooling our expertise and experience with a partner of the calibre of Red Rock Power to deliver the Inch Cape pro - ject … this is a milestone investment in offshore wind for ESB and our ambition to lead the transition to a low-carbon future.
Energy minister Paul Wheelhouse said: “I welcome the partnership between Red Rock and ESB as the project moves forward to the next phase.”