IPA condition amendment: Window 3 and OHA pilot projects
- Content:
- Policy
- Publication date:
- Topic:
- Electricity interconnectors, Offshore electricity transmission, Electricity transmission
- Industry sector:
- Transmission Network,
- Offshore Transmission Network
Decision on the Initial Project Assessment (IPA) condition amendment in light of potential material impacts on project timelines and financing structures.
Following our IPA in November 2024, Ofgem decided to grant three Third Window (W3) interconnector projects and two Offshore Hybrid Asset (OHA) pilot projects a cap and floor regime in principle.
The IPA approval of these projects is subject to certain conditions which can be found in the respective IPA decisions.
We are amending the IPA condition ‘Operation prior to the end of 2032’ with the new requirement of achieving operations prior to the end of 2035 for all W3 and OHA pilot projects.