Beatrice

Beatrice is a 588 MW offshore windfarm which achieved COD in May 2019 and is located in the Scottish North Sea approximately 13km off the coast of Caithness. The project consists of 84 x SWT 7.0 154 Siemens Gamesa turbines and benefits from a 15-year turbine service and maintenance contract with Siemens Gamesa. The wind farm produces enough electricity to supply around 675,000 Scottish households and offset the equivalent of 600,000 tonnes of carbon dioxide during each year of operation

The project is jointly owned by SSE (40)%, Red Rock Power (25%), Trig (17.5%) and Equitix (17.5%). AIP supported Equitix’s acquisition of their 17.5% stake in the windfarm by offering a bespoke HoldCo financing solution that was tailored to Equitix’s investment case whilst providing significant flexibility