Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
As part of the Neart na Gaoithe OFTO Transaction Timeline, a licence grant window is scheduled between November 2024 and February 2025 for the Offshore Transmission Owner (OFTO) transmission licence. Within this period, the successful bidder under Ofgem’s Tender Round 10 is expected to be granted the transmission licence, enabling it to own and operate the Neart na Gaoithe offshore transmission assets and receive the associated regulated revenue stream.