Ofgem Grants Offshore Wind Licence to Dudgeon OFTO

Laxman Pai
Wednesday, November 7, 2018

The government regulator for gas and electricity markets in Great Britain Office of Gas and Electricity Markets (Ofgem) has granted TC Dudgeon OFTO plc a licence for the link to the Dudgeon offshore wind farm.

The licence allows Dudgeon to own and operate the GBP297.9 million (USD 391 mln) high-voltage transmission link to the Dudgeon offshore wind farm for the next 20 years.

Transmission Capital Partners, a consortium comprising International Public Partnerships Limited, Amber Infrastructure Group and Transmission Investment, was selected by Ofgem through a tender process in which bidders compete to become Offshore Transmission Owners (OFTOs).

The Dudgeon wind farm is the first project from the fifth tender round of the regime for which Ofgem has granted an OFTO licence. 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.

As part of the tender process, TC Dudgeon OFTO plc agreed to purchase the link and transmission assets from a consortium comprising Equinor ASA, Masdar and China Resources (Holdings) Co. Ltd which also owns the Dudgeon offshore wind farm.

Ofgem and Government launched the OFTO regime in 2009. At least £700m in savings were achieved for consumers across the first three tender rounds.  

Since 2009, winning bidders have so far invested more than GBP3.3bn in links and generation assets which have connected more than 5GW of offshore wind farms.

Categories: Wind Power Offshore Wind Government Update Regulation

Related Stories

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

Aker Solutions, PTAS JV Hooks Brownfield Services Extension off Brunei

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

ORE Catapult and Japan’s FLOWRA to Jointly Advance Floating Wind

China Unveils Plans for New Offshore Wind Farms to Tackle Carbon Emissions

Current News

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com