Search results for: OFTO

777 results

A list of search results

  • 2 August 2016
    Business & Finance, Grid Connection, Operations & Maintenance, Technology

    Offshore Wind Consultants Limited (OWC) has been employed by Transmission Capital Services Limited (TCS) to provide technical consultancy services on contingency planning and other services relating to the OFTO assets managed by TCS. TCS manages six OFTOs, namely TC Barrow OFTO Limited, TC Gunfleet Sands OFTO Limited, TC Ormonde OFTO Limited, TC Robin Rigg OFTO […]

  • 15 March 2019
    Business & Finance, Grid Connection, Wind Farm Update

    Ofgem has appointed Diamond Transmission Partners as the preferred bidder to own and operate the offshore transmission link of the Walney Extension offshore wind farm in the UK. The consortium of HICL Infrastructure Company, Diamond Transmission Corporation and Chubu Electric Power will be operating the wind farm’s transmission link for a period of 20 years. HICL said that […]

  • 8 November 2018
    Authorities, Contracts & Tenders, Grid Connection, Operations & Maintenance, Wind Farm Update

    Ofgem has granted a licence to TC Dudgeon OFTO plc to own and operate the GBP 297.9 million high-voltage transmission link to the Dudgeon offshore wind farm for the next 20 years.

  • 18 August 2016
    Wind Farm Update

    Ofgem, which has been evaluating Enhanced Pre-Qualification (EPQ) submissions for Burbo Bank Extension, part of Tender Round 4, is scheduled to notify the bidders of the outcomes and publish the Qualifying Bidder shortlist this month. In addition, the UK’s energy market regulator has disclosed a more specified timetable for the Tender Round 5, for which it recently announced […]

  • 12 February 2015
    Grid Connection

    Gwynt y Môr OFTO plc has been awarded a licence by Ofgem to own and operate the £352 million transmission link to the Gwynt y Môr offshore wind farm. It is the largest offshore transmission (OFTO) project to date to be financed through the capital markets. Gwynt y Môr OFTO plc is owned by the Balfour […]

  • 27 September 2011
    Grid Connection

    Ofgem E-Serve has today confirmed that TC Barrow OFTO Limited (Transmission Capital Partners) has secured a licence to operate the high voltage link to the 90 MW Barrow offshore wind farm, near Barrow-in-Furness. TC Barrow OFTO Limited has taken over ownership of the £33.6m link from Dong Energy and Centrica, owners of the wind farm […]

  • 15 February 2016
    Operations & Maintenance

    TC Westermost Rough OFTO Limited has appointed CWind to maintain offshore and onshore assets at the Westermost Rough offshore wind farm. Timed to coincide with the handover of the OFTO assets to TC Westermost Rough OFTO Limited, the company has signed up CWind to maintain the mechanical and electrical systems of both the offshore and […]

  • 28 February 2014
    Business & Finance, Contracts & Tenders, Grid Connection

    On Wednesday, February 26, Ofgem launched the third Offshore Transmission Owner (OFTO) tender round, for the high voltage transmission links of two offshore wind farms, Westermost Rough and Humber Gateway. They are situated in the North Sea off the coast of Yorkshire. Worth almost £400m, Tender Round 3 (TR3) is the first new tender round […]

  • 16 February 2015
    Grid Connection

    After buying the Thanet offshore transmission infrastructure in December last year, Balfour Beatty has announced the disposal of an 80% interest in the project for £40 million. Thanet OFTO is the high-voltage electricity transmission system connecting the 300MW Thanet Wind Farm, off the coast of Kent, to the onshore transmission grid. Assets include one offshore […]

  • 27 November 2013
    Grid Connection, Operations & Maintenance, Wind Farm Update

    Ofgem has granted offshore transmission licence for Greater Gabbard wind farm. The deal represents further evidence of the innovation introduced by Ofgem’s competitive tendering process which is helping to drive down the costs for consumers of connecting offshore windfarms to the grid. This is the first Offshore Transmission Owner (OFTO) project to be funded through […]

  • 10 July 2012
    Business & Finance, Grid Connection

    TC Ormonde OFTO Limited, an entity incorporated by the consortium Transmission Capital Partners (TCP), has been granted a licence by Ofgem E-Serve to own and operate the transmission link to the Ormonde wind farm. The TCP consortium are comprised of Transmission Capital, Amber Infrastructure Group and International Public Partnerships (INPP).  TCP was appointed by Ofgem […]

  • 4 February 2016
    Business & Finance, Grid Connection

    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 […]

  • 31 July 2017
    Grid Connection, Operations & Maintenance

    RES (Renewable Energy Systems) has been awarded a fifteen year contract to provide operations and maintenance (O&M) services to the Walney 2 offshore transmission (OFTO) asset owned by Blue Transmission Walney 2 Limited (BTW2L).

  • 19 July 2011
    Business & Finance

    The terms regarding the divestment of the transmission assets relating to Gunfleet Sands I and II have now been agreed between DONG Energy and the purchaser TC Gunfleet Sands OFTO Limited (Transmission Capital Partners) at the sum of GBP 49.5 million. The financial closure of the transaction has been completed and the assets have been […]

  • 8 September 2016
    Business & Finance, Grid Connection

    The European Investment Bank (EIB) is providing GBP 82 million for the purchase, operation and maintenance of the Humber Gateway offshore transmission system. The 19-year long term EIB loan will be provided to Humber Gateway OFTO Ltd, the consortium behind the transmission link project that comprises Balfour Beatty and Equitix. The Humber Gateway transmission link connects […]

  • 8 December 2016
    Wind Farm Update

    Petrofac has completed a risk assessment and engineering support project for Transmission Capital Lincs OFTO on two 48km subsea cables connecting the Lincs offshore wind farm with the onshore transmission system. Following a full assessment of the impact of external risks to the cable, such as fishing and anchor damage in areas where the seabed […]

  • 29 September 2016
    Business & Finance, Grid Connection, Operations & Maintenance, Vessels

    Transmission assets owner and operator Transmission Capital Services (TCS) has chartered one of CWind’s crew transfer vessels (CTV) on a five-year contract to support works at several of their offshore substations in the United Kingdom. CWind is using one of its MPC19 resin infused composite catamarans to provide the crew transfer services. In February this […]

  • 4 November 2019
    Authorities, Grid Connection

    UK energy market regulator Ofgem has accepted Thanet OFTO Limited’s claim on a partial outage in electricity transfer in 2015 due to an export cable fault. As a result, Thanet OFTO Limited’s reported system incentive performance shall be adjusted to offset the full duration of the outage. The reported system incentive performance for incentive year […]

  • 4 November 2014
    Authorities, Business & Finance, Grid Connection, Wind Farm Update

    Ofgem today granted Transmission Capital (TC) Lincs OFTO Limited a licence to own and operate the transmission link to the Lincs wind farm. Lincs is located eight kilometres off the coast of Skegness and comprises 75 turbines generating 270MW, which is enough to provide clean energy to 200,000 homes. The Lincs project was tendered under […]

  • 19 July 2011
    Contracts & Tenders, Grid Connection

    Ofgem E Serve has today announced that TC Gunfleet Sands OFTO Limited (Transmission Capital Partners) has secured a licence to operate the high voltage link to the Gunfleet Sands wind farm. TC Gunfleet Sands OFTO Limited can now operate the £49.5 million link to the onshore grid for a period of 20 years. The wind […]

  • 13 September 2016
    Business & Finance, Grid Connection

    Ofgem today announced a shortlist of five bidders competing to own and run the GBP 230 million transmission link to the Burbo Bank Extension offshore wind farm, situated in the Bay of Liverpool. The bidders will now go through to the final stage of the tender where Ofgem will appoint the Offshore Transmission Owner (OFTO) […]

  • 28 September 2012
    Business & Finance

    Hogan Lovells advised the bank lenders to the Blue Transmission consortium of Macquarie Capital Group Limited and Barclays Integrated Infrastructure Fund on the consortium’s successful bid to acquire and operate the transmission link to the Walney 2 offshore wind farm for £110 million. The lending group comprised Lloyds Banking Group, SMBC, Bank of Tokyo Mitsubishi, […]

  • 28 June 2013
    Grid Connection

    The Blue Transmission consortium, comprising Macquarie Capital Group Limited and Barclays Infrastructure Funds, has completed the transaction to own and operate the transmission link to Sheringham Shoal wind farm. Ofgem appointed Blue Transmission to take over ownership of the link from Scira Offshore Energy Limited following a competitive tender under the Offshore Transmission Owner (OFTO) […]

  • 21 August 2015
    Authorities, Business & Finance, Grid Connection

    By granting West of Duddon Sands (WoDS) Transmission plc a licence to own and operate the £269 million transmission link to the West of Duddon Sands offshore wind farm, the total new transmission investment delivered by the OFTO regime to date is over £2.5 billion, of which nearly £1 billion has now been delivered through the […]

  • 12 November 2014
    Business & Finance, Grid Connection

    Lincs Wind Farm Limited has completed the sale of the transmission assets at the 270MW Lincs offshore wind farm to TC Lincs OFTO Limited for £308 million. The disposal is in line with regulations requiring offshore wind farm generators to divest their transmission assets to an offshore transmission owner (OFTO) post-construction. Lincs Wind Farm Limited […]

  • 3 August 2017
    Authorities, Business & Finance, Contracts & Tenders, Grid Connection, Wind Farm Update

    Ofgem has announced shortlists of bidders competing to own and operate transmission links to the Galloper and Walney Extension wind farms off the coasts of Cumbria and Suffolk.