SSE has confirmed a new partner for the Beatrice Offshore Wind Farm (BOWL).

The energy provider has sold a percentage of its shareholding in the project to fund management firm, Copenhagen Infrastructure Partners (CIP).

The sale is in line with SSE's strategic review of its offshore wind portfolio earlier this year. It has said it will also ensure an "additional strong partner to take the project forward to a Final Investment Decision".


Once the acquisition is complete, SSE will own a 50% share of the BOWL project, with CIP owning 25% and Repsol owning the remaining 25%.

Brian McFarlane, BOWL Project Director, commented: "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.

"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."

(JP/IT)