Portfolio
Key data
Project capex
£1.1bn
Concession
24 years
HICL holding
37.5%
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 24-year period. The OFTO does not have exposure to construction risk, electricity production or power price risk.
Ørsted will provide certain operations and maintenance services for DTP under a long-term subcontract.
Financial close was achieved in July 2023.
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The information on this Site (including these Terms) is current at the date of publication but is subject to change without notice. You should review these Terms regularly as your continued use constitutes agreement to all such changes. This Site and its content are the property of HICL Infrastructure PLC (‘HICL’) and is managed for HICL by InfraRed Capital Partners Limited (‘InfraRed’). InfraRed is authorised and regulated by the UK Financial Conduct Authority (‘FCA’), and is entered on the FCA Register with the Registration Number 195766. The FCA Register can be accessed at https://register.fca.org.uk/. InfraRed is registered in England, with company number 03364976 and with its registered office at One Bartholomew Close, Barts Square, London, EC1A 7BL.
InfraRed Capital Partners is a part of SLC Management which is the institutional alternatives and traditional asset management business of Sun Life.
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In these Terms
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Terms
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General
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