Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In February 2016, TC Westermost Rough OFTO Limited completed the acquisition of the Westermost Rough offshore transmission assets—including subsea and onshore export cables and associated onshore and offshore transmission equipment and licences—from the wind farm developer, financed through a combination of senior and subordinated loans, at Ofgem’s determined final transfer value of £156.7 million.