Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 19 July 2011 the Gas and Electricity Markets Authority (Ofgem) granted an offshore electricity transmission licence to TC Gunfleet Sands OFTO Ltd, allowing it to own and operate the Gunfleet Sands offshore transmission assets. On the same date the company took ownership of the offshore substation and associated 132 kV export and onshore cables connecting the Gunfleet Sands 1 and 2 wind farms to the 132 kV distribution network at Clacton, Essex, with an assessed transfer value of approximately £49.5 million.