Jim Dollard, Executive Director Generation and Trading at ESB, and Guy Madgwick, Red Rock Power Limited CEO
· Developer sells equal share of offshore wind farm project to ESB as it continues to progress forward
· Inch Cape poised to play key role in Scotland’s green economic recovery and become one of the country’s largest single sources of renewable energy
Edinburgh-based Red Rock Power Limited has formed a 50:50 joint venture with ESB, the leading Irish energy group, for Inch Cape Offshore Limited and its offshore wind farm development.
The Red Rock Power – ESB partnership will harness both companies’ wealth of expertise within the wind energy sector and support their mutual growth ambitions as they continue to strengthen their respective UK wind portfolios, with the potential to collaborate on other projects in the future.
As well as powering up to one million 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.
Guy Madgwick, Red Rock Power Limited CEO, 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 forward to working alongside our colleagues at ESB on the project and to applying synergies within our teams to drive the development forward to a successful build.”
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.
Jim Dollard, Executive Director Generation and Trading at ESB, welcomed the announcement. “We look forward to pooling our expertise and experience with a partner of the calibre of Red Rock Power to deliver the Inch Cape project. With consent for up to one gigawatt and 72 turbines, this is a milestone investment in offshore wind for ESB and our ambition to lead the transition to a low-carbon future. This builds on similar partnerships ESB has with leading renewable energy companies in developing offshore wind projects off the coast of Ireland and Great Britain.”
Scotland’s Energy Minister, Paul Wheelhouse, said: “Offshore wind in Scotland’s 462,000 km2 of waters will play a vital part in achieving our net zero ambitions while helping to drive a strong, green economic recovery. Inch Cape has the potential to significantly contribute to this recovery, to help deliver Scotland’s net zero greenhouse gas emissions by 2045 and to support the Scottish supply chain. Therefore I welcome the partnership between Red Rock and ESB as the project moves forward to the next phase.
“Our seas are host to some of the best offshore wind resources in the world, supporting the continuing growth and expansion of the sector. We want to harness this huge resource for our energy system, unlocking significant investment in the supply chain to create more green jobs across the sector and support the wider decarbonisation of our energy system, including electrification of transport and heat.”
Madgwick added: “We sought a partner who shared our passion for renewable energy, supporting UK industry growth and tackling climate change. We are excited to be working with ESB and for the potential to collaborate on other projects in the future as we continue to expand our company both in the UK and across Europe.”
ESB, through its Brighter Future strategy to lead the transition to a low carbon future, has ramped up its investment and expertise in offshore wind generation, one of the main technologies underpinning the clean electricity systems that will power our societies into the future.