Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 10 March 2025, the joint venture between SSE Renewables, TotalEnergies and PTTEP that developed the Seagreen Phase 1 offshore wind farm signed an agreement with a consortium of Equitix and Kyuden Group to sell the project’s offshore transmission assets. Under this sale, the Equitix–Kyuden consortium, operating as Seagreen Phase 1 OFTO, will own, operate and maintain the transmission system—including three approximately 64 km offshore export cables, around 20 km of onshore cables, and the offshore and onshore substations—for 24 years under a transmission licence granted by Ofgem.