Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 2 March 2011, TC Robin Rigg OFTO Limited reached financial close and completed the purchase of the Robin Rigg offshore transmission assets, including the undersea export cables and certain onshore transmission cables and equipment, for an assessed transfer value of about £65.5 million, financed by shareholder and external debt arranged by its parent company to fund acquisition and ongoing operation and maintenance.