Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 19 July 2011, TC Gunfleet Sands OFTO Limited was granted an offshore transmission licence, establishing a 20‑year availability‑based, index‑linked revenue stream for operating the Gunfleet Sands transmission assets. Under this licence the OFTO earns regulated annual revenue of around £6.1 million, guaranteed by National Grid Electricity Transmission plc, with income independent of wind farm output and protected by downside caps.