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EBR Staff Writer Published 07 November 2014

SSE has agreed to divest 25% stake in the 664MW Beatrice offshore wind farm in the UK to fund management firm Copenhagen Infrastructure Partners (CIP).

Being jointly developed by SSE Renewables and Repsol Nuevas Energias in Outer Moray Firth, Scotland, UK, the 3bn wind farm will start operations in 2019.

Following completion of transaction, SSE will own a 50% interest in the project and Repsol will hold a 25% stake.

The wind farm is situated in the Outer Moray Firth on the north-western point of the Smith Bank, about 13.5km from the Caithness coastline.

Beatrice project director Brian McFarlane said: "The Beatrice project has continued to make significant progress since our review of offshore development projects in March this year, achieving consent and securing an Investment Contract from the UK Government.

In August 2013, the Moray Council has approved to carry out the onshore transmission works related with linking the Beatrice wind farm to the UK electricity grid.

The onshore transmission works include about 20km of underground cable from a landfall point to the west of Portgordon and a new substation, located adjacent to the existing substation at Blackhillock near Keith.

"Whilst there is still a significant amount of work to be done, this latest milestone allows the project to continue progressing towards a Final Investment Decision in 2016. We will be working closely with Repsol, CIP and our supply chain partners, to further reduce costs and refine the development and construction programme."

Image: The 664MW Beatrice offshore wind farm is located in Outer Moray Firth, Scotland, UK. Photo: Courtesy of SSE.

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SSE to divest 25% stake in Beatrice offshore wind farm in UK

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CHARLOTTE, N.C. (AP) Charlotte Douglas Airport officials plan to have a new hourly parking deck open before Thanksgiving.

The Charlotte Observer reported (http://bit.ly/1tHlC2A ) the $120 million parking deck should help relieve the congestion that has plagued the airport during construction.

It's taken more than a year to build the deck, which has space for 7,000 vehicles. Four thousands of those spots will be available to the public. The other 3,000 slots are for rental cars.

Parking will be free for the first hour, to help people dropping off or picking passengers. After the first hour, parking is $1 per hour, with a maximum of $20 daily.

Airport officials hope the plan will reduce the number of people circling while waiting for passengers or using the two cellphone waiting lots, which are increasingly crowded.

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Information from: The Charlotte Observer, http://www.charlotteobserver.com

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