Ofgem has appointed Balfour Beatty Equitix Consortium as the preferred bidder to own and operate the offshore transmission link to the Humber Gateway wind farm for the next 20 years.
Balfour Beatty Equitix Consortium, a consortium comprising Balfour Beatty Investments Limited and Equitix Limited, was selected by Ofgem through a competitive process in which bidders compete to become OFTOs.
The Humber Gateway offshore wind farm, located in the North Sea approximately eight kilometres off the coast of East Yorkshire, comprises 73 wind turbines and has a total installed capacity of 220MW. The estimated value of the transmission assets is £173.3 million.
The transmission assets for the project are currently owned and have been constructed by E.ON Climate and Renewables UK Humber Wind Ltd and will transfer to the OFTO at licence grant, Ofgem wrote.