in News Departments > Projects & Contracts
print the content item

London Array, a joint venture owned by DONG Energy (50%), E.ON (30%) and Masdar (20%), has signed an agreement with Blue Transmission London Array Ltd. for the sale of transmission assets at the world's largest offshore wind farm.

The 630 MW London Array Offshore Wind Farm is located about 20 km off the coasts of Kent and Essex in the U.K. and comprises 175 Siemens 3.6 MW turbines.

The divestment takes place pursuant to the Offshore Transmission Owner (OFTO) regime. Following a competitive tender, Blue Transmission London Array Ltd. was selected by Ofgem in September 2012 as the preferred bidder for the London Array offshore transmission license.

With an asset value of about $730 million for the entire transmission assets, this is the largest transaction to date in the OFTO regime, according to London Array. The divestment is expected to close later this month.

Blue Transmission London Array Ltd. is the licensee entity incorporated by the consortium of Barclays Infrastructure Funds Management Ltd. and Diamond UK Transmission Corp. (a wholly owned subsidiary of Mitsubishi Corp.), advised by Macquarie Capital.

London Array has been selected by Blue Transmission to provide operations and maintenance services to the transmission link connecting the wind farm to the onshore grid.




Trachte Inc._id1770
Latest Top Stories

Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934