Process to Close for Tender Round 3 (TR3)
Guidance
Publication date
Industry sector
Offshore Transmission Network
The regulatory regime for offshore electricity transmission enables the Authority to grant an OFTO Licence on the basis of a competitive tender process. This document provides guidance to Bidders, Developers and other interested stakeholders on the process to close, from the determination of a Preferred Bidder to grant of the OFTO Licence, financial close and asset transfer. This guidance applies to TR3, which is the first competitive Tender Round under the Enduring Regime leading to the grant of OFTO Licences for Generator Build projects.