INPP, Amber secure 402MW Dudgeon OFTO

The pair, alongside Transmission Investment, fought off competition from Macquarie, HICL, Equitix and Balfour Beatty.

A consortium comprising International Public Partnerships, Amber Infrastructure and Transmission Investment has been selected as preferred bidder for the offshore transmission link for the 402MW Dudgeon offshore wind farm.

The trio were awarded their seventh OFTO project since they began investing in the scheme in 2011. The consortium, named Transmission Capital Partners, hope to reach financial close on the Dudgeon link in Q2 2018.

INPP said it expects to invest £50 million ($66.4 million; €55.9 million) into the project. Amber, which is also investment adviser to INPP, had not responded to a request for comment on the full value of the project at the time of going to press.

The team was revealed by regulator Ofgem to be part of the shortlist in March and was selected ahead of Balfour Beatty, Equitix and separate consortiums including Macquarie Capital and HICL. The Dudgeon link is the first to reach the stage of preferred bidder status from the fifth OFTO tender round, with Transmission Capital Partners also shortlisted for the Rampion and Race Bank wind farms, yet to be awarded.

Dudgeon is owned by (Statoil 35 percent), Masdar (35 percent ) and Statkraft (30 percent), although Statkraft is expected to offload its share. The offshore wind site began operating last week.