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The UK’s energy regulator, Ofgem, has selected Equitix as the preferred bidder to acquire and operate the offshore transmission assets for the 448 MW Nearth na Gaoithe offshore wind farm in Scotland.
Equitix has been selected in a GBP 450 million (approximately EUR 516 million) tender round for an Offshore Transmission Owner (OFTO).
As an asset transfer, Equitix will be granted a Transmission Licence and acquire the transmission assets comprising the offshore substations, offshore export cables (approximately 38 kilometres long), onshore export cables (about 13 kilometres long), the newly built onshore substation, and associated infrastructure.
The transmission assets connect to the SPEN substation located at Crystal Rig.
“Being named preferred bidder on Neart na Gaoithe OFTO marks another proud step in Equitix’s journey driving the UK’s renewable future. Including Dogger Bank A, this will be Equitix’s eighth OFTO and a fourth consecutive win for our team in the sector,” said Achal Bhuwania , Equitix’s Chief Investment Officer.
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The Neart na Gaoithe offshore wind farm has been developed by Neart na Gaoithe Offshore Wind Limited, a 50/50 joint venture between EDF Renewables UK and Irish energy supplier ESB.
The project is located 15.5 kilometres off the coast of Fife and comprises 54 Siemens Gamesa 8 MW wind turbines.
The 448 MW offshore wind farm was completed in April 2025, and Neart na Gaoithe became fully operational in July.