31 Jan 2011 02:01:01
8 bidders named for UK offshore project
UK energy regulator Ofgem has named eight bidders which have qualified to compete for three more high-voltage transmission links with offshore wind farms as part of Ofgem E-Serve's latest competitive tender process.
The list of bidders will compete for the links to the Gwynt y Môr, Lincs and London Array (phase 1) offshore windfarms. These are three of the UK's largest offshore windfarms, representing over 1.4GW of renewable power. The next stage of the process is to select a shortlist of bidders in spring 2011, which will then go through to the final stage to select the winning tenders this summer.
Bidders that have qualified to proceed to the qualification to tender stage are:
• Balfour Beatty Capital
• Blue Transmission (a consortium of Macquarie Capital Group, Barclays Infrastructure Funds Management and Frontier Power)
• Cheung Kong Infrastructure Holdings /Hongkong Electric International
• Green Energy Transmission (a consortium of Equitix Ltd and AMP Capital Investors)
• Mitsubishi Corporation
• National Grid Offshore
• Transmission Capital Partners (a consortium of Transmission Capital Ltd, International Public Partnerships Ltd and Amber Infrastructure)
• Ventran Consortium (a consortium of BRITEL Fund Trustees (as custodian of BT Pension Scheme) and Universities Superannuation Scheme)
Ultimately, the winning bidders will then own and operate the links for the next 20 years. This is the first stage in the second round of tenders in the GB offshore transmission regime, and follows the success of the first round for £1.1 billion of transmission links, which attracted almost £4 billion of investment appetite and is expected to deliver savings of around £350 million.
Tenders for a further three projects – Humber Gateway, West of Duddon Sands and Race Bank – are expected to start next spring. In total, these six projects represent £1.9 billion of offshore transmission links to connect some 2.8 GW of offshore wind.