Inch Cape Offshore Wind Farm

United Kingdom
Pre-Construction
1080 MW Capacity
27 Jan 2025: Update (27 January 2025): ESB and Red Rock Renewables have announced that Inch Cape has reached financial close raising more than £3.5 billion of funding. Update October: SDIC Power Holdings have announced a final investment in the Inch Cape project. The total investment is 4.166 billion GBP and is expected to offer and 8.1% return on equity investment and a 6.62% return. Construction is estimated to take 33 months. Update August 2024: After winning a CfD in Allocation Round 6, Inch Cape stated in a press release that it would achieve financial close later this year. Update July 2024: Inch Cape may delay FID to the end of Allocation Round 6, with is October 6 at the latest. 4C is pushing this event to the end of Q3 and may delay further if necessary. Update April 2024: Inch Cape has not reached FID yet. The event has been pushed back until end-Q2 2024 Update January 2024: Inch Cape has not yet reached FID. 4C expects this to happen by the end of Q1 24. Update August 2023: given press reports regarding the challenging economics of Inch Cape and the statement from ICOL "ICOL considers that shortages and increasing costs in the supply chain coupled with increased interest rates and geo-political challenges have made it more challenging to deliver projects at AR four prices resulting in protracted construction programmes. Consequently, commencement of offshore construction is unlikely to begin before June 2024", 4C is delaying financial close into 2024 Update Sept 2022: project now expecting to reach FID in Q3-2023 Update July 2022: project now expecting to reach FID in Mid-2023 Update: project now expecting to reach FID in February 2023 Update: Expected after 2021 CFD auction, estimated 2022. Red Rock plans to reach financial investment decision in Q4 2020, according to Scottish Supply Chain event, March 2020
4C Offshore | Location Map: Lat(56.495) Lon(-2.196)
General Information
Name
Inch Cape
Other Names
ICOL
Country
United Kingdom
Development Status
Pre-Construction
Category or Round
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Comments
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Website
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Developers/Owners/Operators

Developer

Inch Cape Offshore Wind Farm Limited

Inch Cape Offshore Wind Farm Limited

Owner

Red Rock Power Limited

Red Rock Power Limited

Owner

ESB

ESB

Key Dates
Costs
Stated Project Cost
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Revenue Mechanism
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Revenue Details
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Revenue
GBP 37.35/MWh (EUR 43.38/MWh)

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Power & Turbines
Location & Environment
Sea Name
North Sea
Latitude
56.494611°
Longitude
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Depth Range (Stated by Developer)
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Ports
Grid
Number of Offshore Platform(s)
1
Shared Platform Type
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Export Cables (AC & DC)
Number of Export Cables (AC)
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Array Cables
Onshore Cables
Number of Onshore Cables
18
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