Since its launch in 2009, the Offshore Transmission Owner (OFTO) asset class has quickly attracted significant interest from the investor community, offering solid returns on a relatively low risk profile underwritten by a stable regulatory framework overseen by Ofgem. The OFTO regime was established in 2009 by Government and Ofgem with the objectives of:
• Delivering fit for purpose transmission infrastructure to connect offshore generation
• Providing best value for money to consumers, and
• Attracting new entrants to the sector
Pursuant to the objectives above, our team worked for OFGEM throughout all stages of the tender process (from initial assessment to financial close) for 3 Offshore Wind Transmission Network PPPs (Robin Rigg Gunfleet Sands and Walney I wind farms).
