30 August 2019

Amber Infrastructure (‘Amber’), is pleased to advise that Transmission Capital Partners, the consortium comprising Amber, International Public Partnerships Limited (‘INPP’), and Transmission Investment has been appointed as preferred bidder for the long-term license and operation of a further offshore transmission project ('OFTO').

The latest scheme, comprising the transmission cable connection to Rampion Offshore Wind Farm represents the eighth such project that Transmission Capital Partners has been appointed to, as preferred bidder. 

The project relates to the transmission cable connection to the offshore wind farm located 13km off the Sussex coast.  The wind farm consists of 116 x 3.45MW wind turbine generators with an installed capacity of 400MW connected to the offshore substation platform (OSP) located within the boundaries of the Rampion wind farm.

This investment will enhance Amber-managed fund’s contribution to the UK’s transition to a zero carbon economy. Rampion OFTO will transmit green electricity equivalent to around 350,000 UK homes, increasing the number of homes that are powered by the portfolio of OFTOs it manages on behalf of INPP to approximately 1.6 million homes.

A copy of the Ofgem press release can be found at www.ofgem.gov.uk.

Further details on the transaction can be found on INPP’s website here.

For further information:

Amber Fund Management Limited

Erica Sibree / Amy Joslin

+44 (0)20 7939 0558 / 0587

 

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