Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
On 18 July 2023, Ofgem announced that four bidder consortia—Gravis-ITOCHU-UKPN Services, EKITD (Equitix Investment Management, Kyuden International Corporation and Kyuden T&D Global), Diamond Transmission Partners, and Transmission Capital Partners—had successfully passed the Enhanced Pre-Qualification stage for Tender Round 10, allowing them to bid for up to three offshore transmission links including the Dogger Bank A OFTO assets. In this round, Dogger Bank A’s transmission system was described as being anticipated to be worth around £1 billion, with the eventual OFTO to receive a guaranteed regulated revenue stream for up to 25 years under its licence, subject to asset availability.