Five consortia have been shortlisted in a tender being run by Ofgem to own and run the £230 million transmission link to the Burbo Bank Extension offshore windfarm.
The winning offshore transmission owner (Ofto) will receive a guaranteed revenue stream for 20 years. The shortlisted consortia are:
· Balfour Beatty Equitix Consortium (Balfour Beatty Investments and Equitix).
· Dalmore Capital Limited (acting in its capacity as manager of the PPP Equity PIP LP).
· Diamond Transmission Partners ( Mitsubishi Corporation and HICL Infrastructure Company).
· Mari Energy Transmission (Macquarie Corporate Holdings and Frontier Power).
·Transmission Capital Partners (International Public Partnerships and Transmission Capital Partners).
Ofgem expects to announce details of the preferred bidder for the Burbo Bank Extension project in April 2017.