Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 18 February 2015, Balfour Beatty announced that it had reached financial close and completed the acquisition of the £352 million Gwynt y Môr offshore transmission project (OFTO) in North Wales, jointly owning Gwynt y Môr OFTO with Equitix. The transaction covered the high‑voltage transmission assets connecting the 576 MW Gwynt y Môr offshore wind farm to the onshore grid, including two offshore substations, one onshore substation, and over 80 kilometres of subsea cables, with Balfour Beatty investing £28 million of equity, representing 60% of the equity required.