Deals Counterparts

Inch Cape Offshore Wind

company 1 Deal 1 Partner

Inch Cape Offshore Wind is a major offshore wind farm project located off the east coast of Scotland, being developed by Inch Cape Offshore Limited (ICOL), a joint venture between Red Rock Power Limited and ESB. The project aims to deliver up to 1.1 GW of renewable energy, contributing significantly to Scotland's clean energy targets and the UK's energy transition goals.

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Founded 2008
Renewable Energy DeveloperDeveloperOperator

Strategic Overview

  • Focused on the development and future operation of a single, large-scale offshore wind project.
  • Leverages the combined expertise and financial strength of its joint venture partners, Red Rock Power Limited and ESB.
  • Aims to be a significant contributor to Scotland's and the UK's renewable energy capacity and net-zero targets.

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Deal Activity from Public Sources

Inch Cape Offshore Wind Farm secures 1.1 GW Contract for Difference (CfD) in UK Allocation Round 4.
Financing Offshore Wind United Kingdom July 2022 1100 MW with Low Carbon Contracts Company (LCCC)
ESB acquires 50% stake in Inch Cape Offshore Wind Farm from Red Rock Power, forming a 50:50 joint venture.
Joint Venture Offshore Wind United Kingdom July 2020 1100 MW with ESB

Investment Focus

Technologies
Offshore Wind1
Geography
Scotland1

Key People

Adam Ezzamel
Project Director
Mark Phelan
Project Manager

Track Record

1,100
MW Total
1
Deals Completed
16
Years Active
Notable projects: Inch Cape Offshore Wind Farm

Detailed Analysis

Technologies
Offshore Wind (2 deals)Energy TransitionUtilities
Geographies
UK (2 deals)
Deal Stage
GreenfieldOperating

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