Construction News

21/08/2014

Four Bidders Shortlisted To Transmit Links To Offshore Windfarms

Four bidders have been shortlisted to own and run transmission links to two offshore windfarms, located in the North Sea off the coast of Yorkshire.

The following bidders have been shortlisted:

• Balfour Beatty Equitix Consortium

• Blue Transmission Consortium

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• Mari Energy Transmission

• Transmission Capital Partners.

The shortlisted bidders go through to the final bid stage where Ofgem will appoint the Offshore Transmission Owner (OFTO) for each project, who will be granted a licence to own and operate the transmission links.

The OFTOs will receive a guaranteed revenue stream for 20 years under the terms of their licence, subject to availability of the assets.

Ofgem expects to announce details of the preferred bidders for the Westermost Rough and Humber Gateway in 2015.

(CD/JP)

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