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EBR Staff Writer Published 07 November 2014
SSE has agreed to divest 25% stake in the 664MW Beatrice offshore wind farm in the UK to fund management firm Copenhagen Infrastructure Partners (CIP).
Being jointly developed by SSE Renewables and Repsol Nuevas Energias in Outer Moray Firth, Scotland, UK, the 3bn wind farm will start operations in 2019.
Following completion of transaction, SSE will own a 50% interest in the project and Repsol will hold a 25% stake.
The wind farm is situated in the Outer Moray Firth on the north-western point of the Smith Bank, about 13.5km from the Caithness coastline.
Beatrice project director Brian McFarlane said: "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.
In August 2013, the Moray Council has approved to carry out the onshore transmission works related with linking the Beatrice wind farm to the UK electricity grid.
The onshore transmission works include about 20km of underground cable from a landfall point to the west of Portgordon and a new substation, located adjacent to the existing substation at Blackhillock near Keith.
"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."
Image: The 664MW Beatrice offshore wind farm is located in Outer Moray Firth, Scotland, UK. Photo: Courtesy of SSE.
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SSE to divest 25% stake in Beatrice offshore wind farm in UK
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Fort Worth, Texas (PRWEB) November 05, 2014
Steamatic, Inc., the industry leader in cleaning and restoration services in more than 500 franchise territories in the United States and 25 countries around the world, has established the Steamatic Lindy Berry Memorial Scholarship Program. The Scholarship Program will award five $1,000 scholarships in 2014 and is designed to provide financial assistance to Steamatic franchisees, their children and grandchildren who plan to continue their education in college or vocational school programs.
The Scholarship Program is named after Lindy Berry who passed away in April 2014. Berry spent the majority of his professional career as vice president and general manager of Steamatic, Inc. Before that, he was an All-American football player at TCU. His peers and colleagues see his accomplishments as an inspiring example of leadership, character and integrity.
Lindy spearheaded our organization for a long time and has played an incredible role in our success, said Bill Sims, chairman of Steamatic, Inc. We are grateful to honor his life with the Scholarship Program. He was always looking to help others, and I believe he would be very proud of providing financial assistance to Steamatic franchisees and their families.
Administered by Scholarship Management Services, the awards are granted without regard to race, color, creed, religion, sexual orientation, gender, disability or national origin. Scholarship Management Services is the nations largest designer and manager of scholarship and tuition reimbursement programs for corporations, foundations, associations and individuals.
About Steamatic Steamatic offers cleaning and restoration services through more than 500 franchise territories in the United States and in 25 countries around the world. Steamatics highly trained and certified technicians work with insurance agents, adjusters and directly with the public. Restoration services include fire and smoke, water mitigation, mold remediation, and contents recovery. Commercial and residential services include carpet cleaning, hard surface cleaning, air duct cleaning, area rugs, furniture and drapery cleaning. Steamatics mission statement: Steamatic is committed to making our world a safer and cleaner environment for present and future generations. The company celebrates 46 years of franchising. For more information on Steamatic, including franchise opportunities, please contact Jarrod Sims at 817-332-1575 or jsims(at)steamatic(dot)com.
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Steamatic, Inc. Establishes the Lindy Berry Memorial Scholarship Program
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