Ofgem has announced the eight bidders for three more high-voltage transmission links with offshore wind farms as part of Ofgem E-Serve’s latest competitive tender process.
The bidders will compete for the links to the Gwynt y Môr, Lincs and London Array (phase 1) offshore windfarms. These are three of the UK’s largest offshore windfarms, representing over 1.4GW of renewable power.
The next stage of the process is to select a shortlist of bidders in spring 2011, which will then go through to the final stage to select the winning tenders this summer. Ultimately the winning bidders will then own and operate the links for the next 20 years.
“A strong field of bidders competing in this second tender round is further proof that the offshore regulatory regime is very successful in encouraging investment and attracting new players into the transmission sector,” said Ofgem E-Serve’s commercial managing director Robert Hull.
This is the first stage in the second round of tenders in the GB offshore transmission regime, and follows the success of the first round for £1.1bn of transmission links, which attracted almost £4bn of investment appetite and is expected to deliver savings of around £350M.
The winning bidder for Gwynt y Môr will be selected later than the bidders for the other two projects, as construction is not as far advanced as for Lincs and London Array (phase 1).
Tenders for a further three projects - Humber Gateway, West of Duddon Sands and Race Bank - are expected to start next spring. In total these six projects represent £1.9bn of offshore transmission links to connect some 2.8 GW of offshore wind.
- Balfour Beatty Capital
- Blue Transmission (a consortium of Macquarie Capital Group, Barclays Infrastructure Funds Management and Frontier Power)
- Cheung Kong Infrastructure Holdings/Hongkong Electric International
- Green Energy Transmission (a consortium of Equitix and AMP Capital Investors)
- National Grid Offshore
- Transmission Capital Partners (a consortium of Transmission Capital International Public Partnerships and Amber Infrastructure)
- Ventran Consortium (a consortium of BRITEL Fund Trustees and Universtities Superannuation Scheme)