Today Ofgem has appointed Diamond Transmission Partners (DTP) as the preferred bidder to own and operate the offshore transmission link to the Burbo Bank Extension windfarm for the next 20 years. This completes the procurement process of Tender Round 4 of the offshore transmission owner (OFTO) regime.
DTP, a consortium comprising Mitsubishi Corporation and HICL Infrastructure Company Limited, was selected by Ofgem through a process in which bidders compete to become OFTOs. Tender Round 4 saw the lowest bids to date as a proportion of the asset value. This further demonstrates the value of continuing to use competitive tendering to provide the best value for consumers.
The Burbo Bank Extension offshore wind farm is located in the Liverpool Bay. It has a capacity of 258MW and consists of 32 turbines. The wind farm will power 230,000 UK homes using renewable energy. The estimated value of the transmission assets is £180.6 million*. A consortium of DONG Energy A/S, KIRKBI A/S, and PKA currently owns the transmission assets for the project.
*This figure is subject to Ofgem’s ongoing cost assessment process, with a final transfer value of the transmission assets being published as part of the licence grant process.
Chris Lock: 0207 901 7225
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Ofgem is the independent energy regulator for Great Britain. Its priority is to make a positive difference for consumers by promoting competition in the energy markets and regulating networks.
For facts, figures and information about Ofgem’s work, see Energy facts and figures or visit the Ofgem Data Portal.