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Ofgem selects preferred bidder for Hornsea One's transmission assets

Hornsea Project Two. Source: ABB (new.abb.com)

February 24 (Renewables Now) - UK energy regulator Ofgem has picked Diamond Transmission Partners as the preferred bidder to operate the offshore transmission assets of the 1.2-GW Hornsea One wind farm off east England.

The UK energy watchdog selected Diamond Transmission Partners in a tender process in which bidders compete to become Offshore Transmission Owners (OFTOs).

The joint venture (JV) between Japan’s Mitsubishi Corp (TYO:8058) and Chubu Electric Power Co Inc (TYO:9502) now has to fulfil certain conditions set by Ofgem in order to be appointed as the successful bidder, the regulator said last week. These include securing all relevant contractual, funding, regulatory and operational arrangements for the transfer of the transmission assets and the grant of the offshore transmission licence. The company also has to provide a bilateral agreement with the holder of the project’s coordination licence, so that it is able to deliver the transmission services.

The Hornsea One wind complex, located 120 km off the coast of Yorkshire, is powered by 174 Siemens Gamesa turbines that became fully operational in January and formed the world’s largest offshore wind farm. The plant is owned by Danish energy group Ørsted A/S (CPH:ORSTED).

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Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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