Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Following Ofgem’s cost assessment decision and the grant of an offshore transmission licence to Triton Knoll OFTO Limited, the project secured its regulated OFTO revenue stream for the Triton Knoll transmission assets. The licence, awarded by the Authority, provides Triton Knoll OFTO Limited with a 23‑year revenue entitlement period starting from 5 December 2023, when funds were drawn and the transmission assets began operating under the OFTO regime, with the assessed transfer value incorporated into the tender revenue stream.