Wind Energy – Transmission Assets
Breesea, Soundmark Wind, and Sonningmay Wind, a joint venture owned by Ørsted (50 %) and AXA IM Alts and Crédit Agricole Assurances (CAA) (jointly 50 %), today announced that they have signed an agreement on the sale of their transmission assets to Diamond Transmission Partners Hornsea Two (DTP).
DTP is a partnership between Diamond Transmission Corporation and HICL Infrastructure PLC.
The divestment takes place in accordance with the offshore transmission owner (OFTO) regime. In September 2022, following a competitive tender, Ofgem selected DTP as preferred bidder for the offshore transmission licence for the Hornsea 2 Offshore Wind Farm.
The transmission assets include the onshore substation, export cables, the offshore reactive compensation substation (RCS) and the offshore substation and have been assessed by Ofgem at a value of GBP 1.141 billion.
Ørsted will provide DTP with operations and maintenance services for the transmission assets under a long-term agreement.
