Diamond Transmission Partners BBE Limited (DTPBBE) has signed the acquisition of transmission assets connected to the Burbo Bank Extension offshore wind farm located in the Bay of Liverpool in the UK.
DTPBBE is a consortium comprised of Diamond Transmission Corporation Limited (DTC), a wholly-owned subsidiary of Mitsubishi Corporation, and a subsidiary of HICL Infrastructure Company Limited.
The consortium was granted an Offshore Transmission Owner (OFTO) license by the UK’s Office of Gas and Electricity Markets (Ofgem) after being selected as the preferred bidder for the license in July 2017 through a competitive tender process.
Under the OFTO regime, DTPBBE will operate this electricity transmission business over a 20-year period.
The 258MW Burbo Bank Extension is located approximately 7km off the coast of Liverpool and it comprises 32 MHI Vestas 8MW wind turbines.
In addition to the above acquisition, DTC has four transmission assets in the UK and four transmission assets in Germany.
Yasushi Umemura , CEO of DTC, said: “DTC will continue working to expand Mitsubishi Corporation’s involvement in the offshore transmission business, drawing upon our extensive experience in order to contribute to the overall development of the renewable energy sector in the UK and throughout Europe.”