Ørsted announces agreement on sale of Hornsea 2 transmission assets
Published by Jessica Casey,
Editor
Energy Global,
Breesea Limited, Soundmark Wind Limited, and Sonningmay Wind Limited, a joint venture owned by Ørsted (50%) and AXA IM Alts and Crédit Agricole Assurances (CAA) (jointly 50%), have signed an agreement on the sale of their transmission assets to Diamond Transmission Partners Hornsea Two Limited (DTP).
DTP is a partnership between Diamond Transmission Corporation Limited and HICL Infrastructure PLC.
The divestment takes place in accordance with the offshore transmission owner (OFTO) regime. In September 2022, following a competitive tender, Ofgem selected DTP as preferred bidder for the offshore transmission licence for the Hornsea 2 Offshore wind farm.
The transmission assets include the onshore substation, export cables, the offshore reactive compensation substation (RCS) and the offshore substation and have been assessed by Ofgem at a value of £1.141 billion.
Ørsted will provide DTP with operations and maintenance services for the transmission assets under a long-term agreement.
Hornsea 2 is an offshore wind farm in the UK, located approximately 90 km off the Yorkshire coast in the North Sea. The wind farm consists of 165 Siemens Gamesa 8 MW wind turbines with an overall capacity of 1320 MW, enough to power more than 1.4 million British homes.
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Read the article online at: https://www.energyglobal.com/wind/24072023/rsted-announces-agreement-on-sale-of-hornsea-2-transmission-assets/
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