North American Windpower: Consortium Completes Sale Of Offshore Wind Farm's Transmission Assets

Consortium Completes Sale Of Offshore Wind Farm's Transmission Assets

in News Departments > Projects & Contracts

by NAW Staff on Wednesday 26 September 2012

Walney Offshore Windfarms Ltd. says it has completed the sale of the Walney 2 offshore wind farm's transmission assets to Blue Transmission Walney 2 Ltd. - the licensee entity incorporated by the consortium of Macquarie Capital Group Ltd. and Barclays Infrastructure Funds Management Ltd. - for approximately 110 million British pounds.

Walney Offshore Windfarms Ltd. is a consortium that includes DONG Energy (50.1%), Scottish and Southern Energy (25.1%) and OPW (24.8%). DONG Energy, which is the leading partner in the construction and operational phases of the Walney offshore wind farms, and Blue Transmission Walney 2 Ltd. say they have agreed on an operations and maintenance contract for the transmission assets.

The companies say the disposal is in line with the regulation that requires offshore wind farm generators to divest their transmission assets to new offshore transmission owners via a competitive tender run by Ofgem.

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