Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
In April 2016, Ofgem started Offshore Transmission Owner (OFTO) Tender Round 4, launching the competitive process for parties to bid to own the offshore transmission assets associated with the 258 MW Burbo Bank Extension wind farm. Under this regime, the eventual OFTO for Burbo Bank Extension will receive a guaranteed 20-year regulated revenue stream under its transmission licence, subject to the availability of the assets.