Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
The Gas and Electricity Markets Authority (Ofgem) awarded an offshore electricity transmission licence to Triton Knoll OFTO Limited on 1 November 2023. The licence permits and requires the company to own, maintain and operate the Triton Knoll offshore electricity transmission assets and entitles it to regulated revenue for 23 years from the financing drawdown date, exporting power from the Triton Knoll wind farm into National Grid Electricity Transmission’s system.