Moray East Offshore Wind Farm, a three way partnership between Ocean Winds, Diamond Inexperienced Restricted, and China Three Gorges, has concluded the switch of its transmission belongings to Transmission Capital Companions (TCP), a consortium comprising Transmission Funding, Amber Infrastructure, and INPP.
The transmission belongings embrace a 220 kV 3-cable connection to the Moray East Wind Farm and the brand new onshore substation amenities at New Deer in Aberdeenshire.
The divestment of transmission infrastructure is necessary underneath UK laws as prescribed by the Offshore Transmission Proprietor (OFTO) regime. TCP was chosen by UK regulator Ofgem via a young course of and can personal and function the transmission infrastructure for a income interval of 23 years.
“We’re happy to conclude the transaction of the transmission belongings for the Moray East mission, closing out the event part and permitting the mission to proceed to concentrate on producing clear renewable energy for generations to return,” stated Paul Cavanagh, Moray East Asset Director.
The Moray East offshore wind farm is situated within the Moray Firth within the northeast of Scotland. The mission includes 100 Vestas V164-9.5MW wind generators which were in operation since April 2022.
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Moray East is operated on behalf of the three way partnership companions by Ocean Winds from its Fraserburgh operations and upkeep base.
Just lately, Ocean Winds agreed to promote 16.6 per cent of its majority stake within the mission to Equitix. Following the transcation Ocean Winds will maintain a 40 per cent stake within the Scottish offshore wind farm, Diamond Inexperienced Restricted 33.4 per cent, Equitix 16.6 per cent, and China Three Gorges Company (CTG) 10 per cent.
The offshore wind farm can produce 950 MW of renewable vitality, sufficient to energy over 1.4 million houses and companies.
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