Agreement for the sale of transmission assets at Burbo Bank Extension

Burbo Extension Limited, a joint venture owned by Ørsted A/S (50%), Kirkbi A/S (25%) and PKA A/S (25%), today announced that it has signed an agreement for the sale of its transmission assets to Diamond Transmission Partners Burbo Bank Extension Limited (“DTPBBE Ltd”).

For further information about the OFTO regime, see: https://www.ofgem.gov.uk/electricity/transmission-networks/offshore-transmission

DTPBBE Ltd is the licensee entity incorporated by the consortium comprising of Mitsubishi Corporation and HICL Infrastructure Company Limited.

 

The transmission assets hold an asset value of GBP193.9m. The assets include the onshore substation, export cables and the offshore substation.

 

The divestment takes place in accordance with the Offshore Transmission Owner (“OFTO”) regime. In July 2017, following a competitive tender, Ofgem selected DTPBBE Ltd as preferred bidder for the Burbo Bank Extension offshore transmission license.

 

The Burbo Bank Extension offshore wind farm is located in the Bay of Liverpool, approximately 7km from Liverpool. The wind farm’s 32 MHI Vestas 8MW wind turbines have a capacity of 258MW and can produce clean renewable energy for approximately 230,000 UK households each year.

For additional information,
please contact Media Relations

Tom Lehn-Christiansen +45 9955 6017