Balfour Beatty Group Poised for $533 Million Offshore Wind Link

Balfour Beatty Plc (BBY), the U.K. engineering group, and investor Equitix Ltd. were appointed the preferred bidder for 346 million pounds ($533 million) of power links at an RWE AG (RWE) wind farm off the U.K.

The companies will own and operate the transmission assets for the 576-megawatt Gwynt y Mor wind farm being built by RWE Npower Renewables Ltd. off the North Wales coast, energy regulator Ofgem said today in a statement.

Balfour and London-based Equitix were selected after a tender process developed by the U.K. Department of Energy and Climate Change and Ofgem, where bidders compete to own links for offshore wind farms. The next tender will start later this year, Ofgem said.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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