Preferred bidders to be announced in the autumn

Ofgem E-Serve has revealed the shortlisted bidders competing to own and run connections to the Gwynt y Mor, Lincs and London Array offshore wind projects.

The shortlisted bidders are:

  • Balfour Beatty Equitix consortium – a consortium of Balfour Beatty Capital and Equitix
  • Blue Transmission – a consortium of Macquarie Capital, Barclays Infrastructure Funds Management and Mitsubishi Corporation
  • National Grid Offshore
  • Transmission Capital Partners – a consortium of Transmission Capital Partners and International Public Partnerships

Under the contract the successful bidder will become offshore transmission owners and will take ownership of the links, guaranteeing a stable regulated income for 20 years.

Ofgem will announce the preferred bidders for the Lincs and London Array phase one projects in the autumn. The preferred bidder for the Gwynt y Mor project will be selected at a later date.

Tenders for the Humber Gateway project, West Duddon Sands and Race Bank projects are expected to start next spring.

In total the six projects are worth approximately £2bn.