Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
The West of Duddon Sands transmission project obtained support from the European Investment Bank’s Project Bond Credit Enhancement product, as reported alongside Ofgem’s licence grant to WoDS Transmission plc. This EIB-backed credit enhancement facility supports the bond financing of the OFTO’s £269 million transmission link, broadening the range of potential investors in the project’s debt and helping to lower the overall cost of connecting the offshore wind farm to the onshore grid for consumers.