Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
In August 2021, TC Beatrice OFTO Limited purchased the Beatrice offshore wind farm transmission assets, including an undersea export cable, an onshore cable and associated onshore and offshore transmission equipment, along with the related contracts and licences, following a successful bid in an Ofgem-run open tender process. This acquisition, financed through a mix of equity, external lending and subordinated shareholder loans under the UK offshore transmission regulatory framework, gave the company long-term ownership of the Beatrice OFTO assets and the right to earn availability-based revenue for 23 years until August 2044.