An offshore oil rig

UK | Renewable Power

Greater Gabbard OFTO

Greater Gabbard OFTO is the offshore transmission network which connects the 504MW Greater Gabbard offshore wind farm to the onshore grid at Leiston, Suffolk. The offshore transmission owner (OFTO) owns the assets and operates them under a perpetual licence granted by Ofgem with a 20-year revenue entitlement period in the first instance.

The OFTO is an availability-based asset where revenues are produced by being available to transmit power.

The assets are operated by EDS HV Limited. The shareholders are Equitix Fund II (33.3%) and Equitix Fund IV (66.7%).