UKregulator Ofgem awarded the licence to Greater Gabbard OFTO – comprising BalfourBeatty, Equitix and AMP Capital Investors – after a competitive tender.
Theconsortium will take over the link to the 504MW Greater Gabbard plant, off Eastern England, from wind farm development partners SSEand RWE.
Ofgemsaid Greater Gabbard is the first Offshore Transmission Owner (OFTO) project to be funded viathe capital markets.
It isalso the first UKproject make use of the European Investment Bank’s (EIB's) Project BondCredit Enhancement scheme.
