The sale agreement follows the selection in December 2019 by Ofgem of Transmission Capital Partners as the preferred bidder for the offshore transmission licence for the Beatrice Offshore Windfarm as part of a competitive Offshore Transmission Tender process.
The sale relates to the transmission cable connection to the offshore wind farm located in Scotland’s Outer Moray Firth, approximately 13.5km off the Caithness coastline in Scotland. Beatrice Offshore Wind Farm comprises 84 Siemens Gamesa 7MW wind turbine generators connected to two offshore substation platforms located within the boundaries of the wind farm, the consortium said.
The transmission assets include two Offshore Transformer Modules, the onshore substation at Blackhillock and export cables, and hold an asset value of £437.9 million. The sale takes place in accordance with the OFTO regime as part of Ofgem’s Tender Round 6.