HICL Infrastructure and Japan’s Mitsubishi have been selected as regulator Ofgem’s preferred bidder to own and operate the offshore transmission link to the Burbo Bank Extension wind farm.
The duo were awarded the project on the 258MW offshore site after a process that saw the lowest bids to date in the fourth tender round of the offshore transmission regime. The estimated value of the transmission assets is £180.6 million ($236.2 million; €202 million).
A joint bid between Amber Infrastructure and its London-listed subsidiary International Public Partnerships has been named as the reserve bid after also battling for the link. Unsuccessful bidders on the initial shortlist include: a consortium between Macquarie Capital and Frontier Power; an offer from Balfour Beatty and Equitix; and a lone bid from Dalmore Capital on behalf of the Pensions Infrastructure Platform.
The bidders have all submitted offers in the fifth tender round comprised of five wind-farm links, although this time Dalmore has teamed up with DIF, while Balfour Beatty and Equitix are bidding alone. It has also emerged that Copenhagen Infrastructure Partners will be entering the race for the first time, with a Saudi mechanical and electrical contractor expressing interest too.
The Burbo Bank extension was inaugurated in May and is owned by an all-Danish group that includes DONG Energy, pension fund PKA and Lego Group.