Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Following completion of its detailed cost assessment, Ofgem determined an assessed transfer value of £109,758,628 for the Walney 2 transmission assets and granted an offshore transmission licence to Blue Transmission Walney 2 Limited. The OFTO incorporated this assessed transfer value into its tender revenue stream, enabling financial close on the acquisition of the Walney 2 offshore transmission system from the developer under the Transitional Tender Round 1 regime.