U.K. Shortlists Balfour Beatty, Mitsubishi for Wind Link
Mitsubishi Corp., Balfour Beatty Plc (BBY) and Macquarie Group are among four bidders shortlisted by the U.K. energy regulator to operate 400 million pounds ($666 million) of power links to two offshore wind farms.
The winning bidder for each project will own and operate the high-voltage transmission links to the Westermost Rough and Humber Gateway wind farms, receiving guaranteed revenue for 20 years, Ofgem said today in a statement on its website. Ofgem expects to announce preferred bidders next year.
Ofgem has attracted 1.4 billion pounds of investment since it began a tendering program for offshore wind power transmission links in 2009. A further 1.5 billion pounds of assets are in the tender process, including those for Westermost Rough and Humber Gateway.
The shortlisted groups are Balfour Beatty Equitix, featuring Balfour Beatty Investments Ltd. and Equitix Ltd.; Blue Transmission, comprising 3i Investments Plc and Mitsubishi Corp. (8058); Mari Energy Transmission, which includes Macquarie Capital Group Ltd and Frontier Power; and Transmission Capital Partners, which groups Transmission Capital Partners Ltd. with International Public Partnerships Ltd.
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