Westermost Rough Ltd, a wholly owned subsidiary of DONG Energy, the UK Green Investment Bank and Marubeni Corporation, has signed an agreement for the sale of its transmission assets to TC Westermost Rough OFTO Limited.
The transmission assets, valued at GBP 157 million, include the onshore substation, export cables and the offshore substation.
TC Westermost Rough OFTO Limited is the licensee entity comprising Transmission Capital Partners Limited Partnership and International Public Partnerships Limited.
Following a competitive tender, TC Westermost Rough OFTO Limited was selected in May 2015 by Ofgem as preferred bidder for the Westermost Rough offshore transmission license.
The 210MW Westermost Rough offshore wind farm, located approximately 8km off the East coast of Yorkshire near Withernsea, features 35 Siemens 6MW wind turbines.