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Home›Business & Finance›Equitix, Kyuden Group Buy Seagreen 1 Offshore Transmission System
Business & Finance

March 10, 2025 · about 1 year ago

Equitix, Kyuden Group Buy Seagreen 1 Offshore Transmission System

The joint venture between SSE Renewables, TotalEnergies and PTTEP has signed an agreement with a consortium of Equitix and Kyuden Group to sell the offshore transmission assets of the Seagreen Phase 1 offshore wind farm in Scotland. The Seagreen 1 transmission assets transmit electricity from the of

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A photo of two wind turbines at the Seagreen 1 offshore wind farm site
Seagreen 1; Photo source: SSE Renewables

The joint venture between SSE Renewables, TotalEnergies and PTTEP has signed an agreement with a consortium of Equitix and Kyuden Group to sell the offshore transmission assets of the Seagreen Phase 1 offshore wind farm in Scotland.

The Seagreen 1 transmission assets transmit electricity from the offshore wind farm via three export cables, each approximately 64 kilometres long, to landfall and a further 20 kilometres inland to the onshore substation in Angus.

Under the sale agreement, the Equitix-Kyuden Group consortium, named Seagreen Phase 1 OFTO, will own, operate and maintain the transmission system, including the subsea and onshore export cables and offshore and onshore substations, for 24 years under the terms of a transmission licence granted by the UK energy market regulator Ofgem.

Ofgem invited tenders to own and operate the prebuilt electricity links including cables and substations which connect Seagreen 1 to the grid on land back in January 2022.

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Located 27 kilometres off the Angus coast, the 1,075 MW Seagreen 1 has been operational since October 2023 and, comprising 114 Vestas V164-10.0 MW wind turbines, is currently Scotland’s largest offshore wind farm.

Seagreen 1 is also said to be the world’s deepest fixed-bottom offshore wind farm, with its deepest foundation installed at a record 58.7 metres below sea level, according to Seagreen Wind Energy Limited.

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