Finance, operate and maintain an offshore transmission link
Under the offshore transmission owner (“OFTO”) regime, the OFTO takes ownership of an operational transmission asset and receives contractual, availability-based revenues over a 20-year period. The OFTO does not have exposure to construction risk, electricity production or power price risk.
Financial close was achieved in April 2018.
RES (Renewable Energy Systems) will provide certain operations and maintenance services for DTP under a long-term subcontract.
Capital expenditure was £194m.