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Equitix, Amp Capital and Balfour Beatty Consortium Appointed as Preferred
Green Energy Transmission (GET), a consortium comprising Equitix Ltd and AMP Capital Investors, together with Balfour Beatty Capital Limited has been selected by Ofgem EServe as the preferred bidder to own and operate the high voltage transmission link to the 500 MW Greater Gabbard offshore wind farm.
The GET Balfour Beatty consortium was selected following a tender process run by
Ofgem E-Serve in which bidders compete to become offshore transmission owners
(OFTOs). Greater Gabbard is the largest of the nine offshore wind farms to be involved in
the first round of tenders to run offshore links which took place last year. The forecast
value of the assets to be transferred to the prospective OFTO is £316.6m.
The selection of the consortium brings in further new investors to the offshore
transmission regime, namely Equitix Ltd and AMP Capital Investors, alongside Balfour
Beatty Capital Limited, who are also the preferred bidder for the Thanet project.