Ofgem Appoints Preferred Bidder for Transmission Links to Gwynt y Môr OWF

Ofgem Appoints Preferred Bidder for Transmission Links to Gwynt y Môr OWF

Ofgem has appointed the Balfour Beatty Equitix Consortium as the preferred bidder to own and operate the high voltage transmission links to the Gwynt y Môr wind farm. At 576MW it is currently the second largest project to have reached this tender stage. The estimated value of the transmission assets is £346m.

Balfour Beatty Equitix Consortium, a consortium comprising Balfour Beatty Investments Ltd and Equitix Ltd, was selected by Ofgem through a competitive process in which bidders compete to become offshore transmission owners.

The Gwynt y Môr wind farm is being built by RWE npower renewables and comprises of 160 wind turbines. The project is being funded by RWE Innogy, in partnership with Stadtwerke München GmbH and Siemens AG.

The offshore regulatory regime is now firmly established, with existing tender rounds attracting significant investment despite challenging market conditions. The next tender round, Tender Round 3 (TR3), is expected to launch later in 2013.

Press Release, July 26, 2013

 

Share this article

Follow Subsea World News

Events>

<< Apr 2015 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Ocean Business 2015

Ocean Business offers the visitor more than just an international exhibition. The show has an outstanding reputation for its training and…

read more >

Transnational Oil, Gas and Energy Law

Study a Unique Online Learning Programme that is Highly Relevant to Today’s International Market…

read more >

Practical AVO and Seismic Inversion with Petrel

A profitable development of an oil or gas field starts with a good understanding of the subsurface as a basis for efficient and successful…

read more >

Deepwater East & Southern Africa 2015

This event is a two-day conference & exhibition with extensive presentations on all aspects of the East & Southern Africa offshore sector…

read more >