Ofgem··ReleaseRenewables
Ofgem launches record £3.5bn tender for Hornsea 3 offshore grid link
Ofgem has opened its largest-ever Offshore Transmission Owner tender round, covering the £3.5 billion transmission link for the Hornsea 3 wind farm, more than 100km offshore in the North Sea, which is due to complete by the end of 2027 and power around 3.3 million homes. The winning bidder earns a regulated, inflation-linked return for up to 25 years; the OFTO regime has drawn more than £10 billion of investment across 28 offshore wind farms since 2009.
Our readThe size of the tender shows how much offshore transmission, rather than generation itself, has become the bottleneck investors are now being asked to solve.
Read the announcement at Ofgem →
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