ESB completed the acquisition of a 50% stake in Inch Cape from Red Rock Power.

ESB, a provider of electricity services, completed the acquisition of a 50% stake in Inch Cape, a wind farm, from Red Rock Power, a provider of offshore marine development. Financial terms were not disclosed. “We look forward to pooling our expertise and experience with a partner of the calibre of Red Rock Power to deliver the Inch Cape project. With consent for up to one gigawatt and 72 turbines, this is a milestone investment in offshore wind for ESB and our ambition to lead the transition to a low-carbon future. This builds on similar partnerships ESB has with leading renewable energy companies in developing offshore wind projects off the coast of Ireland and Great Britain," Jim Dollard, ESB Executive Director Generation and Trading.