Beatrice 588MW offshore wind farm

Overview:

• Beatrice 588MW offshore wind farm.
• Located in the Moray Firth in Scotland, the project is being developed by SSE Renewables (40%), Repsol Nuevas Energias UK (25%) and Copenhagen Infrastructure Partners (35%).
• The farm consists of 84 turbines and is located 13km off the coast.
• It is the largest project to reach financial close under the UK's new Contract for Difference (CFD) regime.
• The project is backed by 13 lenders including the European Investment Bank (EIB) and Danish export credit agency Eksport Kredit Fonden.
• The £525 million from the EIB is being supported by the European Fund for Strategic Investments (EFSI) and represents the bank's largest investment in offshore wind to date.
• The deal is the second significant UK wind project to close in a month following the Dudgeon 402MW Offshore Wind Farm.

Sam Duke - Editor