Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
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.