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Diamond Transmission Partners purchase Burbo Bank Extension licence

4C Offshore | Matthew White
By: Matthew White 26/04/2018 Ofgem
Ofgem has granted Diamond Transmission Partners the licence for the Burbo Bank Extension offshore windfarm grid link.

The licence means Diamond Transmission Partners BBE Limited (DTPBBE) will own and operate the £193.9m offshore transmission link to the 258MW
Burbo Bank Extension windfarm in the Liverpool Bay.

Diamond Transmission Partners (DTP), a consortium comprising Mitsubishi Corporation and HICL Infrastructure Company Limited, was chosen by Ofgem through a tender process in which bidders compete to become offshore transmission owners (OFTOs). DTPBBE is the licensee entity incorporated by DTP in respect of the
Burbo Bank Extension Project.

Since Ofgem and Government launched the OFTO scheme in 2009 winning bidders have so far invested a total of £3 billion in links and generation assets which have connected 4.6GW of offshore wind farms.

A further £1.9 billion of links are being tendered to connect an additional 2.4GW of offshore generation. Tendering the ownership of the links is expected to result in savings of at least £700m across the first three tender rounds, as winning bidders have undercut the amount that monopoly transmission owners would be expected to accept for owning and operating the links.

DTPBBE has purchased the link and transmission assets from a consortium comprising Ørsted A/S KIRKBI A/S, and PKA which owns the
Burbo Bank Extension windfarm.

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