Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Transmission Capital Partners reached financial close and, via its special purpose company TC Ormonde OFTO Ltd, acquired the Ormonde offshore transmission assets from Vattenfall for a transfer value of £103.9 million. On 10 July 2012 TC Ormonde OFTO Ltd was awarded the offshore transmission licence and took ownership of the assets, which connect the 150 MW Ormonde Offshore Wind Farm to the 132 kV network at Heysham.