UK regulator launches third offshore transmission owner tender round

Feb. 28

British electricity and gas markets regulator Ofgem has launched the third offshore transmission owner (OFTO) tender round worth almost £400m for the high voltage transmission links of Westermost Rough and Humber Gateway offshore wind farms.
Called Tender Round 3 (TR3), the third OFTO includes new features designed to yield further savings for consumers.
After the completion of TR3 process, an OFTO will be appointed for each wind farm with a licence granted to own and operate the transmission assets. In return both OFTOs that are situated in the North Sea off the coast of Yorkshire will receive a guaranteed revenue stream for 20 years.
Ofgem has decided to merge the pre-qualification and qualification to tender stages into one enhanced pre-qualification stage to make the tendering process simpler.
Ofgem E-Serve managing director Robert Hull said that the offshore transmission regime has already delivered £1.4bn of new investment into the UK transmission sector.
"Billions of pounds of further investment in offshore transmission will be needed to connect the 8-15GW pipeline of offshore wind power forecast by the Department of Energy and Climate Change (DECC)," Hull added.

Source: http://wind.energy-business-review.com/news/ofgem-launches-third-offshore-transmission-owner-tender-round-280214-4186963?

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