Ofgem, Britain’s independent energy regulator, has chosen Equitix as the preferred bidder on the £450 million ($599 million) tender round 10 Neart na Gaoithe Offshore Transmission Owner (OFTO) project.
The 448-megawatt Neart na Gaoithe Offshore Wind Farm (translated as “strength of the wind”) was developed by Neart na Gaoithe Offshore Wind Ltd., a 50/50 joint venture between EDF power solutions and Irish energy supplier ESB. The wind farm is capable of powering about 375,000 Scottish homes and can offset more than 400,000 tonnes of carbon dioxide emissions each year.
At asset transfer, Equitix will be granted a transmission license and acquire all transmission assets, including the offshore substations, onshore and offshore export cables, and associated infrastructure.
“Being named preferred bidder on Neart na Gaoithe OFTO marks another proud step in Equitix’s journey driving the United Kingdom’s renewable future,” said Achal Bhuwania, CIO of Equi
