February 26 (Renewables Now) - A consortium of Mitsubishi Corp (TYO:8058) and HICL Infrastructure Co Ltd (LON:HICL) has struck a deal to buy the transmission assets for the 353-MW Galloper offshore wind farm off the Suffolk coast.
Galloper Wind Farm Ltd unveiled the agreement with Diamond Transmission Partners (DTP) on Tuesday. The sale was carried out following DTP’s preferred bidders status award in November 2018 in a tender process by energy regulator Ofgem for selecting Offshore Transmission Owners (OFTOs). The transmission assets covered by the deal include the onshore and offshore substations and two subsea export cables.
The GBP-1.5-billion (USD 1.95bn/EUR 1.79bn) Galloper wind farm was brought online in 2018. Its 56 turbines by Siemens Gamesa Renewable Energy SA (BME:SGRE) will have a combined output that is expected to be enough to meet the power demand of over 380,000 average UK homes annually.
The project is a partnership between German energy group Innogy SE (ETR:IGY), which led the development and construction of the wind park, Siemens Financial Services, Sumitomo Corp (TYO:8053), ESB and a consortium managed by Green Investment Group (GIG) and Macquarie Infrastructure and Real Assets. Innogy operates the plant on behalf of the project partners.
(GBP 1.0 = USD 1.299/EUR 1.193)