The equal joint owners of Inch Cape Offshore Wind Farm, ESB and Red Rock Renewables, announced today that the flagship Scottish project has reached financial close raising more than £3.5 billion of funding.

The 1,080 megawatt (MW) offshore wind farm, located in the North Sea 15 kilometres (km) off the Angus coast, will now progress into its offshore construction phase.

Xiaomeng Chen, Red Rock Renewables CEO, said: “Reaching financial close is a monumental milestone for Inch Cape, Red Rock and our joint venture partnership with ESB. This success is a testament to the efficient design and cutting-edge technologies employed by the project, highlighting our resilience and commitment to making it one of the largest green investments in Scotland while contributing to the UK’s net zero goals.

“I’d like to congratulate and thank the project team, and everyone involved for their dedication and contribution to date. We look forward to working with our supply chain partners to deliver a successful and safe offshore construction campaign.”

For more information, visit the Inch Cape website here.