Lincs OFTO
OperationalOffshore GridGB270 MW132 kV60 km2012
Basic information
9 fieldsAlso Known As
Lincs OFTO · TC Lincs OFTO Limited · Lincs offshore transmission assets · Lincs offshore transmission link
Status
operational
Capacity
270 MW
Project Company
Type
offshore grid
Transmission Model
Developer Build & Transfer
Expected Life
20 years
Website
Supply Chain (11)
Project Timeline (31)
Nov 2014Fid Financial Close
Financial close was reached for the Lincs offshore transmission assets in November 2014, when the transmission assets of the Lincs offshore wind farm were sold to TC Lincs OFTO for a transfer value of £308m under Ofgem’s OFTO regime.
4 Nov 2014Stake Transaction
Ofgem granted TC Lincs OFTO Limited (a Transmission Capital Partners SPV comprising International Public Partnerships, Amber Infrastructure and Transmission Investment) a licence for the 270 MW Lincs offshore transmission assets on 4 November 2014. The transfer value was GBP 308 million. Assets transferred from a DONG Energy / Centrica / Siemens Project Ventures consortium under Ofgem's OFTO Tender Round 2.
Transmission Capital acquired from Ørsted (100%)
17 Sept 2014Financial Other
On 17 September 2014 Ofgem concluded its cost assessment for the Lincs offshore transmission assets and determined assessed costs of £307,728,310.36. This figure, lower than the developer’s final submission of £335.2 million, was set as the final transfer value payable by the incoming OFTO for acquisition of the Lincs transmission assets.
4 Apr 2014Capital Support Applied
On 4 April 2014 TC Ormonde OFTO Limited and/or TC Lincs OFTO Limited submitted a Screening Submission Pro-forma to Ofgem’s Electricity Network Innovation Competition for the "Offshore Cable Repair Vessel and Universal Joint" project. The proposal sought innovation funding to convert an existing telecom cable repair vessel for OFTO power cable repairs, develop a universal subsea power cable joint, and train jointers, with costs to be refined ahead of the main NIC bid and including estimated bid costs of about £80,000.
26 Nov 2013Other Permit Awarded
Authority: Ofgem · Licence: OFTO electricity transmission licence for TC Lincs OFTO Limited
On 26 November 2013 an OFTO electricity transmission licence was granted to TC Lincs OFTO Limited, authorising it to own and operate the Lincs offshore transmission assets under Ofgem’s competitive offshore transmission regime.
2012Cable Installation Complete
By 2012 the installation of the Lincs export cables had been completed, with Technip finishing the laying of the two approximately 45km, 132kV copper export cables that connect the offshore substation to the onshore grid, following an installation period described as spanning 2010–2012 and involving various offshore jointing and installation challenges.
2012Cable Landfall Complete
Around 2011–2012 the shore‑end works for the Lincs export cables were completed, including installation of the second shore end at Port Sutton Bridge and completion of shore‑end activities by Technip, Christoffers and GME to bring the two export cables ashore at the licensed landfall east of the mouth of the River Nene.
Aug 2012First Power
The Lincs transmission link first exported power in August 2012, when the Lincs offshore wind farm began generating electricity that was transmitted via its export cables and substations to the onshore grid connection at Walpole.
Jul 2012Commercial Operations Full Power
The Lincs offshore transmission assets, comprising the offshore platform, subsea and onshore 132 kV export cables and the onshore substation at Walpole that connect the 270 MW Lincs Wind Farm to the National Grid, became operational in July 2012, marking the start of full commercial operation of the transmission link.
2011Cable Route Engineering
In 2011, 6SConsult was contracted to project manage and engineer the main lay of the Lincs export cables, including cable route survey and engineering along the selected corridor through The Wash to landfall at Port Sutton Bridge. This work provided detailed, survey-informed route engineering and constructability planning for the export cables that now form part of the Lincs OFTO transmission link.