Diamond Transmission Partners has signed an agreement with the owners of the Hornsea One offshore wind farm to acquire the project’s transmission assets.
The transmission assets hold an asset value of GBP 1.175 billion and include the onshore substation, export cables, the offshore reactive compensation substation (RCS), and three offshore substations.
The divestment takes place in accordance with the offshore transmission owner (OFTO) regime. In February last year, Ofgem selected DTP as the preferred bidder for the offshore transmission license for Hornsea One.
Ørsted will provide DTP with O&M services for the transmission assets under a long-term agreement.
Hornsea One, located some 120 kilometers off Yorkshire, comprises 174 Siemens Gamesa 7 MW turbines commissioned in January last year.