Inch Cape Offshore Limited (ICOL), a joint venture partnership formed between Repsol Nuevas Energías UK Limited (“Repsol”) (51%) and EDP Renewables UK Limited (“EDPR”) (49%), welcome today’s news that the Scottish Government has awarded consent for the construction and operation of the Inch Cape Offshore Wind Farm, situated in the Outer Firth of Tay.
The wind farm has the potential to generate up to 784 MW of renewable energy and bring significant economic opportunities through construction and operation. The announcement follows almost 5 years of project development, including extensive environmental impact assessments, engineering surveys and wide ranging community engagement. The wind farm has the potential to generate enough electricity to power over 500,000 homes from up to 110 turbines across an area of 150 km2. The application was submitted for consideration in July 2013 and examined over a period of 15 months.
If the project proceeds it could create up to 1,200 jobs in Scotland during construction and around 135 long term operational jobs, with £380 million forecast Gross Value Added to the Scottish economy during the construction phase alone. Over the life of the project this figure is forecast to reach £1.2 billion.
Inch Cape expects to announce their main suppliers later in 2014 for wind turbine supply, wind farm construction, and the supply of the transmission system. Suppliers at all levels are being encouraged to engage through the Inch Cape website as the project develops, to take advantage of supply opportunities.
Commenting on the decision, Ronnie Bonnar, Managing Director of Repsol Nuevas Energias UK Limited, said:
“Repsol and our joint venture partner EDPR are delighted that the Scottish Government have granted consent to the Inch Cape offshore wind farm. The project will provide the UK with a significant new generation resource, which therefore helps meet the country’s energy security and climate change objectives.
The project can represent a valuable investment in the Outer Firth of Tay region and bring significant benefits and exciting opportunities to the country as a whole and the local economy through construction and operation.
We would like to take this opportunity to thank all of the people who have been working with us and engaged with the project to develop sustainable proposals. We will continue to engage closely with all key stakeholders, including both the UK and Scottish Governments, to overcome regulatory and commercial challenges and ensure that we power our economies with clean, secure energy for many years to come.”
Stephen Kerr, Inch Cape Project Director, added:
“This is great news for our whole team in Edinburgh. The Inch Cape project can add significantly to the generation of renewable energy and also generate valuable jobs during construction and operation, providing a boost to the region’s economy. We have worked hard to ensure the design of the project minimises any potential environmental impact on important seabird populations and other marine features and will apply best practices as we further develop the project.”
Dan Finch, Managing Director of EDP Renewables also commented:
“Consent represents a significant milestone for a project which offers considerable opportunities to improve security of the UK’s electricity supply, insulate consumers from the volatility of the global oil and gas markets, and make a valuable contribution to the reduction of greenhouse gas emissions.
I look forward to working with the Tayside economy and beyond as the project progresses. Offshore wind offers a considerable new market for the activities associated with project development and delivery.”
Ronnie Quinn, The Crown Estate’s lead on Energy & Infrastructure in Scotland, said: “Today’s consent announcement from Scottish Government for the Inch Cape project is another milestone in what has been a landmark year for the UK’s offshore wind industry. In our role as manager of the UK seabed we are delighted to see such positive decisions coming through the planning process that will help cement the UK’s position as a global leader in offshore wind and continue to attract investors such as Repsol and EDPR to Scotland.”
For further information, please contact Nancy Zhang at Repsol on 0131 557 7101 or email firstname.lastname@example.org.
Notes to editors
- About Inch Cape Offshore Limited
Inch Cape Offshore Limited (ICOL) are developing a wind farm site around 15 km off the Angus coastline in Scottish Territorial Waters which will cover an area of approximately 150 km2 and will consist of up to 110 turbines. ICOL, a joint venture company formed by Repsol Nuevas Energías UK Limited and EDP Renewables UK Limited, is keen to build upon the strong offshore engineering expertise that Scotland possesses as well as an abundant wind resource to create secure, low-carbon energy from a renewable source.
It is expected that the project will have a capacity of up to 784 MW and yield over 1,700 GWh per year. This is equivalent to powering around 514,000 homes, or more than 20% of all the homes in Scotland (2.37 million).
- About Repsol
Repsol is an integrated oil and gas company with presence in more than thirty countries, employing over 24,000 people. Repsol is present along the whole energy value chain, including exploration, production, refining, transport, chemicals, retail sales and new types of energy. Repsol is a global company that strives for the welfare of people and it is a step ahead in building a better future through the development of smart energy solutions.
- About EDP Renewables
EDP Renewables (Euronext: EDPR), headquarter in Madrid, Spain, is a global leader in the renewable energy sector that designs, develops, manages and operates power plants that generate electricity using renewable energy sources. With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years.
More information may be found at www.edpr.com.
- About The Crown Estate
The Crown Estate manages the UK seabed and is supporting offshore renewables with a £100 million investment in projects designed to accelerate development and attract investors. In addition, they provide expertise to support developers, from development and consenting through to commissioning. Their staff have been working closely with Repsol and EDPR since 2010. More information may be found at www.thecrownestate.co.uk.