Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In July 2021, International Public Partnerships Limited (INPP), via TC Beatrice OFTO Limited, reached financial close on the long-term ownership and operation of the Beatrice OFTO transmission link, financing the acquisition of the offshore and onshore transmission assets through a combination of equity, external lending and subordinated shareholder loans, for assets with an initial transfer value of approximately £498–498.5 million under Ofgem’s Tender Round 6 framework.