Source - LSE Regulatory
RNS Number : 4684X
International Public Partnerships
20 December 2023



20 December 2023


International Public Partnerships Limited, the listed infrastructure investment company ('the Company', 'INPP'), notes that Ofgem, as anticipated, published a notice under Section 8A of the Electricity Act 1989 on 20 December 2023 relating to the Moray East Offshore Transmission project ('OFTO')[1]. This is a key step towards reaching financial close on the investment that the Company expects to make in the project. The Company expects to invest up to c.£85 million into the project upon financial close, anticipated to be in February 2024.

The Moray East OFTO relates to the offshore electricity transmission assets connecting to the Moray East wind farm located in the Moray Firth off the coast of Scotland.

This investment will represent the Company's eleventh OFTO investment and will further increase the Company's contribution to the UK's transition to a net zero carbon economy. The Moray East OFTO has the capacity to transmit sufficient renewable electricity to power the equivalent of c.1.0 million homes, increasing the total equivalent across the Company's OFTO portfolio to c.3.7 million homes.

At financial close, the OFTO will be granted a 23-year revenue period during which it will have no exposure to electricity production or price but will be paid an availability-based revenue stream linked to UK inflation (as measured by the Retail Price Index).




For further information:


Erica Sibree                                                      +44 (0) 7557 676 499

Amber Fund Management Limited                                             


Hugh Jonathan                                                  +44 (0)20 7260 1263

Numis Securities          


Ed Berry/Mitch Barltrop                                     +44 (0) 7703 330 199 / (0) 7807 296 032
FTI Consulting

About International Public Partnerships (INPP):

INPP is a listed infrastructure investment company that invests in global public infrastructure projects and businesses, which meets societal and environmental needs, both now, and into the future.


INPP is a responsible, long-term investor in over 140 infrastructure projects and businesses. The portfolio consists of utility and transmission, transport, education, health, justice and digital infrastructure projects and businesses, in the UK, Europe, Australia, New Zealand and North America. INPP seeks to provide its shareholders with both a long-term yield and capital growth.

Amber Infrastructure Group ('Amber') is the Investment Adviser to INPP and consists of over 170 staff who are responsible for the management of, advice on and origination of infrastructure investments.

[1] Offshore electricity transmission owner licensed entity.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

International Public Partnerships LD (INPP)

-0.40p (-0.31%)
delayed 09:32AM