A consortium made up of Equitix and Tepco Power Grid has been selected by Ofgem as the Offshore Transmission Owner for RWE Renewables’ 857MW Triton Knoll wind farm off East England.
Valued at approximately £577m (€674m), the offshore electricity transmission asset is comprised of subsea cables, land cables, offshore substations and an onshore substation.
These connect with the project located approximately 32km from the UK shoreline at its closest point (off the coast of Lincolnshire).
This project is Tepco’s first investment in a power transmission project outside of Japan.
The consortium will operate this electricity transmission business for a 23-year period starting from 2022 following successful acquisition of the asset and the granting of an Offshore Transmission Owner (OFTO) license by Ofgem.
Tepco will contribute to the offshore wind sector in the UK by utilising the knowledge and know-how of asset management and operation in Japan.
Tepco considers global power transmission and distribution to be an important area of business, and will strive to further expand its global presence by leveraging the experience and achievements gained through this venture.