INPP : International Public Partnerships makes biggest ever investment
International Public Partnerships has completed an investment into the Lincs offshore transmission project, committing £171m to it – the company’s largest single investment to date.
The project links the 270MW Lincs windfarm to the National Grid via 100 kilometres of subsea cables and other related infrastructure including substations. The Company takes no exposure to electricity production or price risk but is paid a pre-agreed, availability-based revenue stream over 20 years which is fully linked to UK inflation (RPI).
The investment was made by Transmission Capital Partners, a consortium comprising INPP, Amber Infrastructure and Transmission Investment.