Ofgem picks preferred bidder for link to Dudgeon offshore wind farm

UK energy regulator Ofgem said today it has selected Transmission Capital Partners as the preferred bidder to own and operate the transmission link to the 402-MW Dudgeon offshore wind farm.

The successful bidder is a consortium consisting of Transmission Capital Partners LP and International Public Partnerships Ltd (LON:INPP). It is set to own and run the link over a period of 20 years. The reserve bidder is Diamond Transmission Capital, a consortium of Mitsubishi Corp (TYO:8058) and HICL Infrastructure Co Ltd (LON:HICL).

The Dudgeon offshore wind, located off the coast of Norfolk, was opened this week. It is owned by Norwegian oil and gas group Statoil (STO:STLO), Abu Dhabi's renewable energy company Masdar and Norwegian state-owned utility Statkraft.

The transmission assets for the wind farm are worth GBP 377.2 million ( USD 502m/EUR 423m), based on the developer's estimate, Ofgem said. The link is currently owned by the wind farm owners.

The Dudgeon project is part of Ofgem's fifth tender round for offshore transmission links and the first to reach that far in the tender, which also includes the Race Bank, Walney Extension, Galloper and Rampion projects.

(GBP 1 = USD 1.332/EUR 1.122)

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