Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
Ofgem calculated and published an Initial Transfer Value of £530.4 million for the Race Bank offshore transmission assets, based on Race Bank Wind Farm Limited’s early cost estimates, and communicated this to the developer via the preliminary information memorandum in September 2016. This Initial Transfer Value represented the first estimate of the economic and efficient costs of developing and constructing the Race Bank transmission assets for use in the TR5 OFTO tender.