Ofgem selects preferred bidder for transmission project in UK
Diamond Transmission Partners has been selected by UK's Office of Gas and Electricity Markets to own and operate the offshore transmission project that links the Walney Extension wind park.
The scope of the project includes the development of a substation for the Walney 2 wind project located approximately 19 km from shore in the Irish Sea. The power will be transported via a 43 km long undersea cable and about 5 km of onshore cables to the onshore substation at Stanah.
The Walney project is a 659 MW offshore wind complex comprised in two phases, the Walney 1 and 2. Walney 2 consists of 51, 3.6 MW turbines linked to the offshore substation.
Diamond Transmission Partners is a consortium composed of HICL Infrastructure Company Ltd, Mitsubishi Corp unit Diamond Transmission Corporation Ltd and Chubu Electric Power Co Inc.
HICL's 40% stake in the project was expected to be worth approximately £23 million (US$30 million).
The transaction is expected to be completed by the end of 2019.
Country updates
-
-
March 07, 2019
Energy Works terminates contract with MW High Tech Projects UK
With the significant delays in the construction of the 240,000 tonne-capacity waste gasification project in Hull, the Energy Works (Hull) Ltd terminated the engineering, procurement and construction (...
Read more -
March 06, 2019
Shell agrees to acquire UK energy company, Limejump
Shell enters into an agreement to acquire a UK based energy technology company, Limejump Ltd. Limejump is an award-winning digital energy platform, providing optimised routes to marke...
Read more -
March 05, 2019
Acciona-led consortium to build and operate US$200 million waste-to-energy project in Scotland
A multinational consortium led by construction company Acciona has been selected as the preferred bidder to build and operate a waste-to-energy plant in the East Tullos area of Aberdeen...
Read more -
March 05, 2019
Independent Oil & Gas rejects unsolicited takeover proposal
The Board of Directors of Independent Oil and Gas plc (IOG) has unanimously concluded to reject an unsolicited pre-conditional proposal from RockRose Energy plc to buy all share capital of IOG at a pr...
Read more -
March 04, 2019
JP Morgan, Colonial First State launch sale of Electricity North West
JP Morgan and Australian Colonial First State have launched the sale of its UK's electricity distribution utility, Electricity North West for an expected value of US$2 billion. Se...
Read more
