Transmission Capital Partners reaches financial close on 588MW Beatrice OFTO project

August 6, 2021 Published by Newbridge Advisors

Transmission Capital Partners (“TCP”), advised by Newbridge Advisors LLP, has successfully reached financial close for the long-term ownership and operation of the transmission link to the 588MW Beatrice offshore wind farm (the “OFTO”), Scotland’s largest operational offshore wind farm.

INPP, one of three consortium members in TCP, will invest c£50 million in the Beatrice OFTO. Whilst project level senior debt is provided by a range of banks and institutional investors to match the 23-year maturity of the OFTO.

The Beatrice OFTO will transmit green electricity generated by the wind farm’s 84 x 7MW turbines, equivalent to powering around 450,000 UK homes.