Ofgem has granted a licence to Diamond Transmission Partners (DTP) to own and operate the project
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Ofgem has granted a licence to Diamond Transmission Partners (DTP) to own and operate the project. Under the OFTO regime, DTP takes ownership of the operational transmission asset and receives contractual, availability-based revenues over a 20-year period. DTP does not have exposure to construction risk, electricity production or power price risk. RES (Renewable Energy Systems) will provide certain operations and maintenance services for DTP under a long-term subcontract
List of the country updates
Country updates
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April 26, 2018
The first 1,800-tonne suction bucket jacket foundation has been installed at the project by floating crane Asian Hercules III
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April 26, 2018
Ørsted has agreed the sale of the transmission assets at Burbo Bank Extension to Mitsubishi and HICL
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April 26, 2018
Burbo Extension Limited, a joint venture owned by Ørsted (50%), Kirkbi (25%) and PKA (25%), has signed an agreement for the sale of its transmission assets to Diamond Transmission Partners Burbo Bank Extension Limited (DTPBBE Ltd), the licensee entity incorporated by the consortium comprising Mitsubishi Corporation and HICL Infrastructure Company Limited
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April 26, 2018
Ence has awarded a turnkey construction contract for the project to SENER
Ence has awarded a turnkey construction contract for the project to SENER. The company expects to bring the facility online in the second half of 2019
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April 26, 2018
Ørsted has agreed the sale of the transmission assets at Burbo Bank Extension to Mitsubishi and HICL
