Wind Energy – Hornsea 2
Last week Ofgem announced its selection of Diamond Transmission Partners as the preferred bidder to own and operate the £1.2bn high voltage transmission connection link serving Hornsea 2 offshore wind farm.
Diamond Transmission Partners, a consortium comprising Mitsubishi Corporation and HICL Infrastructure plc, was selected by Ofgem following a competitive Offshore Transmission Owners (OFTOs) bidding process to own and operate the asset for the next 24 years.
Green energy developer Ørsted’s 165 turbine Hornsea 2 wind farm is located 89km from the Yorkshire coast and has a capacity of 1320MW. Its associated transmission assets, which connect to National Grid’s electricity transmission network at Killingholme, are the most valuable yet brought to market through Ofgem’s OFTO regime.
The initial estimated value of the transmission assets is £1.189bn. When the final value of the assets has been agreed by Ofgem, the preferred bidder will pay the final amount to Ørsted, once they have been granted the assets OFTO licence by Ofgem.
