Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
On 26 January 2023, Ofgem launched Offshore Transmission Tender Round 10, confirming Neart na Gaoithe (NnG) as one of the OFTO projects and publishing an initial transfer value of £495.1 million for the NnG offshore transmission assets. The tender documentation outlines that the transmission link, associated with the 448 MW Neart na Gaoithe offshore wind farm, will be offered to investors under the standard OFTO regime, with the initial transfer value forming the basis for the regulated revenue stream to be earned by the eventual OFTO licensee.