Eni and Red Rock making joint bid in ScotWind round

Italian oil and gas group Eni SpA (BIT:ENI) and Edinburgh-based Red Rock Power Ltd will bid together in the ScotWind offshore leasing round.

The 50/50 partnership will be supported by UK-based firm Transmission Investment, which has extensive expertise in grid infrastructure, Eni announced on Monday.

Eni and Red Rock will also consider future renewable opportunities in Scotland. They say they would prioritise “maximising opportunities for local supply chain growth, the development and deployment of new technologies, and contributing to the decarbonisation of the North Sea and the transfer of skills this will generate.”

At the end of 2020, Eni entered the offshore wind sector with the purchase of a 20% stake in the Dogger Bank Offshore Wind farm. It aims to reach 60 GW of installed renewables capacity by 2050. The company, together with the University of Strathclyde and Eni Corporate University recently signed a Memorandum of Understanding (MoU) to deliver a programme to help oil and gas professionals and workforces in Scotland to transfer their skills to the renewable energy industry.

Red Rock Power owns a 25% stake in Beatrice Offshore Wind Farm and 50% in the Inch Cape Offshore Wind Farm development.

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