A proposed North Sea offshore wind farm project has posted multi-million pound losses despite being years away from construction.
Inch Cape Offshore Wind Farm, a 72-turbine development planned off the coast of Angus, reported more than £16 million in pre-tax losses in its 2019 full year accounts.
The project made a pre-tax loss of £1.6m in 2018.
Chinese parent company SDIC Power Holdings yesterday stepped in and pledged a year of financial support in 2020 to “allow it to operate in a lawful and proper manner and satisfy all third-party obligations”.
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