Ofgem appoints preferred bidder for owning the link to the Dudgeon Offshore Wind Farm
Today Ofgem has appointed Transmission Capital Partners as the preferred bidder to own and operate the high-voltage transmission link to the Dudgeon Offshore Wind Farm for the next 20 years.
Transmission Capital Partners, a consortium comprising Transmission Capital Partners Limited Partnership and International Public Partnerships Limited, was selected by Ofgem following a tender in which bidders competed to become an Offshore Transmission Owner (OFTO).
The Dudgeon wind farm is the first project to reach this stage in the fifth tender round which Ofgem has run for offshore transmission links. It is located off the coast of Cromer, Norfolk and has a capacity of 402MW.
The wind farm will power close to 410,000 UK homes. The developer’s estimated value of the transmission assets is £377.2 million.* A consortium of Masdar, Statoil ASA and Statkraft currently owns the link.
Notes to editors
* This figure is subject to Ofgem’s ongoing cost assessment process, with a final transfer value of the transmission assets being published as part of the licence grant process.
- The reserve bidder for the project is Diamond Transmission Capital, a consortium of Mitsubishi Corporation and HICL Infrastructure Company.
- The offshore regulatory regime was developed by the Department for Business, Energy and Industrial Strategy (formerly the Department of Energy and Climate Change) and Ofgem. It was launched in 2009. The regime is for licensing offshore electricity transmission and uses competitive tendering to ensure lower costs and higher standards of transmission services for generators and ultimately, consumers.
- Tender Round 5, launched in October 2016, consists of five projects: Dudgeon, Race Bank, Walney Extension, Galloper and Rampion. The invitation to tender stages for the rest of the projects take place over the next year.
- See the Official Public Notice for the appointment of Transmission Capital Partners as the preferred bidder to own and operate the link to the Dudgeon Offshore Wind Farm.
For media, contact:
Chris Lock: 0207 901 7225
Media out of hours mobile: 07766 511470 (media calls only)
For investors, contact:
Martin Young: 0207 901 7114
Ofgem is the independent energy regulator for Great Britain. Its priority is to make a positive difference for consumers by promoting competition in the energy markets and regulating networks.
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