The period for the contract is for the next 20 years. Transmission Capital Partners is a consortium which includes Transmission Capital Partners Limited Partnership and International Public Partnerships Limited. As per Ofgem, the developer’s estimated value of the transmission assets is £377.2m.
The consortium was selected by Ofgem after the tender Round 5 for bidders competing for the offshore transmission owner was launched last October.
This tender included five projects such as Dudgeon, Race Bank, Walney Extension, Galloper and Rampion. The invitations for the next tender stages for the rest of the projects are expected to take place next year.
Dudgeon is a 402MW offshore wind farm that has been built with a total budget of £1.5bn. The wind farm has the capacity to generate enough clean electricity to be supplied to 410,000 UK homes, while stopping at least 575,000 tonnes of CO2 from entering the atmosphere every year.
It is located about 20 miles from coast of Cromer in North Norfolk and had recently started operations. The wind farm is powered by 67 of Siemens’ 6MW wind turbines.
Dudgeon is owned and developed by Statoil, Statkraft and Masdar holding 35%, 30% and 35% stakes respectively. Statoil has also taken the responsibility of operating the wind farm over the wind farm’s 25 year life time.
Image: Ofgem selects TCP consortium as preferred bidder for Dudgeon offshore wind farm transmission link. Photo: Courtesy of Statkraft.
