Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 19 July 2011, Ofgem granted an offshore transmission licence to TC Barrow OFTO Limited, a company incorporated by the Transmission Capital Partners consortium, to own and operate the Barrow transmission assets. This licence award confirmed the project’s regulated revenue regime under the OFTO framework, with Transmission Capital Partners incorporating Ofgem’s assessed transfer value into its tender revenue stream and receiving availability‑based allowed revenue as set out in subsequent OFTO revenue determinations.