Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Following financial close for the Rampion Offshore Transmission Owner in November 2021, the project secured its regulated OFTO revenue regime, consisting of an availability‑based, index‑linked revenue stream under an offshore transmission licence. The licence provides an initial 20‑year revenue term, with income contracted via National Grid Electricity System Operator and protected by UK energy regulatory arrangements, giving the Rampion OFTO stable, inflation‑linked cash flows for operating the transmission link that delivers power from the Rampion wind farm to the national grid.