Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In June 2020 Ofgem concluded its cost assessment for the Walney Extension transmission assets, determining Assessed Costs of £446,647,850 to be used as the Final Transfer Value, and confirmed that an offshore transmission licence had been granted to Diamond Transmission Partners Walney Extension Limited, which incorporated this assessed transfer value into its tender revenue stream for operating the link over the licence period.