Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
By the time of Ofgem’s February 2016 cost assessment decision, the Authority had granted an offshore transmission licence to TC Westermost Rough OFTO Limited, owned by Transmission Capital Partners Limited Partnership and International Public Partnerships Limited. Under the OFTO Tender Round 3 regime, this licence entitles the company to own and operate the Westermost Rough transmission link and receive a regulated 20‑year revenue stream linked to its tender revenue submission.