Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
Diamond Transmission Partners Walney Extension Limited completed the regulated acquisition of the Walney Extension offshore transmission assets from Walney Extension Limited for an assessed transfer value of approximately £446.6 million under Ofgem’s Tender Round 5 OFTO regime. The transaction, advised by Pinsent Masons, transferred ownership of the onshore substation, offshore substations and export cable systems forming the grid connection for the 659 MW Walney Extension wind farm, with the new OFTO owner earning a regulated revenue stream for operating these assets.