Mitsubishi and HICL Win Burbo Bank Extension Transmission Deal
Ofgem has appointed Diamond Transmission Partners (DTP) as the preferred bidder to own and operate the offshore transmission link to the Burbo Bank Extension wind farm for the next 20 years.
This completes the procurement process of Tender Round 4 of the offshore transmission owner (OFTO) regime.
DTP, a consortium comprising Mitsubishi Corporation and HICL Infrastructure Company Limited, was selected by Ofgem through a process in which bidders compete to become OFTOs. Tender Round 4 saw the lowest bids to date as a proportion of the asset value.
Connected to the Bodelwyddan substation in Denbighshire, North Wales, the Burbo Bank Extension Offshore Windfarm consists of one subsea cable, one land cable, one offshore substation and one onshore substation. The asset has a transmission capacity of up to 258 MW and is valued at GBP 180 million.
A consortium of DONG Energy A/S, KIRKBI A/S, and PKA currently owns the transmission assets for the project.