Winner for north Wales OFTO

09/02/2015
A preferred bidder has been chosen for the Gwynt y Mor offshore transmission owner (OFTO) contract off the coast of north Wales.

The Balfour Beatty-Equitix joint venture has won the deal, with regulator Ofgem issuing its notice confirming its intention to grant the licence to the consortium in the near future.

Under the terms of the deal, the consortium will own and manage the lines connecting the 250 turbines of the Gwynt y Mor offshore windfarm with the Grid.

The Balfour Beatty-Equitix team beat off competition from Blue Transmission (including Macquarie, Barclays and Mitsubishi), and Transmission Capital Partners with INPP.

In December, Balfour Beatty signed the Thanet OFTO contract, four years after it was appointed preferred bidder on the deal

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