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.



Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.

Renewable NRG_id1934
Canwea_id1984