TC Dudgeon OFTO plc plans to begin decommissioning of the Dudgeon OFTO transmission assets at the end of its initial 20-year licence period in 2038, including removal of the offshore platform, subsea export cables, onshore transmission cables and associated equipment, for which it has recognised a dedicated decommissioning cost provision.
Dudgeon OFTO has scheduled the next major outage affecting both transmission circuits for 2026, planning a significant shutdown window to support maintenance and further testing activities on the network.
Dudgeon OFTO plans to carry out the next round of onshore export cable testing and any required interventions, including follow‑up work on the area around joint bay 13, alongside the major outages scheduled on both circuits in 2026.
During May 2024, Dudgeon OFTO undertook an onshore export cable inspection campaign after sheath testing had identified a potential issue around joint bay 13, taking a short planned outage on one circuit to investigate the onshore cable joint and auxiliary transformer and confirming that the condition was low risk with no immediate remedial actions required. Further testing and intervention related to this section of cable is planned to coincide with outages scheduled in 2026.
Following repair works, Dudgeon OFTO returned shunt reactor 2 to service in April 2023, after which it has been operating normally, with a strategy put in place to maximise the long‑term integrity of the asset.
In 2019, TC Dudgeon OFTO plc introduced an ISO 14001 environmental management system for the Dudgeon OFTO transmission asset, enabling structured monitoring of energy use, waste, and fluorinated gases such as SF6 during the operational phase.
Authority: Ofgem · Licence: Offshore electricity transmission licence for the Dudgeon OFTO assets
In November 2018 Ofgem granted TC Dudgeon OFTO plc an offshore electricity transmission licence for the Dudgeon Wind Farm transmission assets, allowing the company to own, operate and maintain the offshore substation, export cables and related onshore assets and to earn availability-based regulated revenue for a 20-year period until November 2038.
As part of funding the acquisition of the Dudgeon OFTO transmission assets, TC Dudgeon OFTO plc issued £273 million of 3.158% fixed-rate secured bonds due 12 November 2038. Interest on the bonds, which are listed on the Irish Stock Exchange, accrues from the issue date of 13 November 2018 and is payable semi-annually, forming the senior debt component of the project’s long-term capital structure alongside subordinated shareholder loans.
On 13 November 2018, Ofgem awarded TC Dudgeon OFTO plc an offshore electricity transmission licence, securing a regulated, availability-based revenue stream for operating the Dudgeon transmission assets for 20 years to November 2038. The licence gives the company the right to earn index‑linked income for transmitting power from the 402 MW Dudgeon Offshore Wind Farm via the offshore platform, subsea and onshore export cables, and the onshore substation at Necton, with the tender revenue stream based on Ofgem’s assessed transfer value of the assets.
Ofgem granted TC Dudgeon OFTO plc (a Transmission Capital Partners SPV comprising International Public Partnerships, Amber Infrastructure and Transmission Investment) a licence for the 402 MW Dudgeon offshore transmission assets on 7 November 2018. The transfer value was GBP 297.9 million. Assets transferred from Equinor / Masdar / China Resources under Ofgem's OFTO Tender Round 5.
Transmission Capital acquired from Equinor (100%)