Linklaters has advised ESB on the deal.
ESB started a 50:50 joint venture with Edinburgh-based Red Rock Power Limited for Inch Cape Offshore Limited, a large wind farm development off the east coast of Scotland.
The ESB – Red Rock Power joint venture brings together a wealth of expertise within the wind energy sector from both companies and provides the potential to collaborate on other projects in the future.
As well as powering around 700,000 homes and supporting both the UK and Scottish Governments’ net-zero targets, Inch Cape 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 constructed 15km off the Angus Coast in the East of Scotland and to become one of the country’s largest single sources of renewable energy. The project recently received approval to increase its capacity to up to one gigawatt having already secured both onshore and offshore consents in 2019. The wind farm will connect into the national grid at Cockenzie in East Lothian.
The Linklaters team was led by partner John Pickett (Picture – Partner) and supported by Lauren Bretton (Managing Associate), Robert Jefferies (Associate) and Aaron Brooks (Associate).
Law Firms: Linklaters;
Clients: ESB International;