Joint venture company Seagreen Wind Energy Limited (SWEL) has signed an agreement to sell the offshore transmission assets of the 1GW Seagreen Phase 1 Offshore Wind Farm.
The offshore transmission assets of the Scottish offshore wind farm have been sold to Seagreen Phase 1 OFTO, a consortium of Equitix and Kyuden Group.
The sale relates to subsea and onshore export cables and offshore and onshore substations.
Equitix and Kyuden Group will own, operate and maintain this critical infrastructure asset for a 24-year period under the terms of a transmission license granted by Ofgem, Great Britain’s energy regulator.
The sale agreement is a requirement of the offshore transmission regime and follows the completion of a competitive Offshore Transmission Tender process conducted by Ofgem.
The Seagreen Phase 1 offshore wind farm is 27 km from the Angus coast.
The transmission assets will transmit power from the offshore wind farm via three export cables (each approximately 64 km long) to landfall and a further 20 km inland to the onshore substation in Angus.
Seagreen became fully operational in October 2023.
SWEL is a joint venture owned by SSE Renewables (49%), TotalEnergies (25.5%) and PTTEP (25.5%).