Eni and Red Rock Power, a Scottish company leader in the development of offshore wind projects, have formed a partnership (Eni 50% and Red Rock Power Limited 50%) in view of the joint participation in the next offshore wind tender in Scotland, ScotWind. The two companies also avail themselves of the support of Transmission Investment, a company active in the electricity transmission sector in the UK. Eni and Red Rock Power will also evaluate future opportunities in renewables in Scotland and will combine their expertise in the development of offshore wind farms, in order to support the energy transition and the achievement of the “zero emissions” target in the UK.
In particular, future offshore wind projects will foster local industry growth opportunities and the development of new technologies, contributing to both the decarbonisation of the North Sea and the transfer of skills to the renewable energy sector.
Alessandro Della Zoppa, Head of the renewable sector in Eni gas and electricity, stated: “We are pleased to enter into a partnership with Red Rock Power for the joint presentation of a proposal in the ScotWind tender. The Red Rock Power team brings their significant experience in this area, especially for Scotland. We are confident that this collaboration will contribute to the achievement of
Eni's target in renewables and the development of Scotland's role in the decarbonisation of the North Sea. ScotWind's success will be crucial for the development of the local industry in the sector and for the positioning of new technologies in a growing global market. Eni is committed to a just transition, which values constant attention to people and at the same time seizes the opportunities offered by the possible evolutions of the energy market. These principles guide us on the path undertaken for the transformation ”.
Guy Madgwick, Chief Executive Officer of Red Rock Power, commented: “Forging a partnership that would allow us to capitalize on our current experience in offshore wind development and to make the leap in offshore construction in anticipation of the ScotWind offering is was crucial for us this year. The presence of Eni guarantees a wealth of skills in the development of offshore projects that adds great value in the advancement of possible initiatives in this sector in the future. Our priority right now is to formulate a competitive proposition that will allow us to expand while maximizing opportunities for the wind sector and for the local Scottish industry. We are aware of the great potential that a collaboration with an energy company such as Eni can have in achieving the "zero emissions" targets in the North Sea, and for us this partnership is an opportunity to further contribute to the transition of the local workforce towards the renewable energy sector. Like many others in our team, I come from a past working in oil & gas, and we are aware of the training opportunities and transferable skills that the wind sector can benefit from ”.
Eni continues to expand its portfolio in renewables and is committed to reaching 60 GW of installed capacity by 2050. The company purchased a 20% stake in Dogger Bank's offshore wind project in December 2020, owns and operates several onshore solar and wind projects both in Europe and in the rest of the world. In addition, Eni, the University of Strathclyde and Eni Corporate University have recently signed a memorandum of understanding to develop and deliver a program that helps professionals and workers employed in the oil and gas sector in Scotland to transfer their skills to renewable technologies. , creating high profile jobs in Scotland.
Transmission Investment will bring to the partnership for ScotWind its broad expertise in power grid infrastructure, a key area of interest for UK offshore wind and ScotWind. With a proven track record in acquiring and managing connections for offshore wind farms in the UK and expertise in
development of interconnectors and offshore wind generation, Transmission Investment is ideally placed to contribute to the expansion of the Scottish electricity sector, particularly in the offshore wind sector.
DEEPENING
Eni gas and light
Eni gas e luce is the company, 100% controlled by Eni SpA, dedicated to the marketing of gas, electricity and energy solutions to families, condominiums and businesses. On 1 July, the company completed the integration of Eni's renewable energy assets in Italy and updated its Articles of Association into a Benefit Company, becoming the first major Italian company in the energy sector to do so. Eni gas e luce operates in 6 European countries with 1.600 employees and approximately 10 million customers. In Italy, it is the market leader for the sale of natural gas to households, condominiums and businesses, and is the second largest operator in the free market for the supply of electricity for domestic use.
Red Rock Power Limited
Red Rock Power Limited, headquartered in Edinburgh, Scotland, is an investor, owner, developer and operator of renewable and sustainable energy projects. Its wind portfolio includes a 25% share of the operational Beatrice offshore wind farm and 50% of the Inch Cape offshore wind farm development, as well as three onshore wind farm projects: Afton, Benbrack (both 100%) and Överturingen (50%).
The company is actively pursuing development and acquisition opportunities to grow its current wind portfolio and, at the same time, to expand into further European markets and sustainable energy sectors.
Red Rock Power Limited is a UK wholly owned subsidiary of SDIC Power Holdings Co. Ltd, headquartered in Beijing. SDIC Power is listed on the Shanghai and London stock exchanges and is a major developer and operator of power generation plants in China and abroad. SDIC Power has a total installed capacity of 31,88 GW, of which over 60% generated by renewable energy plants.
For more information www.redrockpower.co.uk