- Published: 26 February 2020 26 February 2020
Galloper Wind Farm has announced it has signed an agreement for the sale of its transmission assets to Diamond Transmission Partners. The 353MW Galloper Wind Farm is owned by innogy, Siemens Financial Services, Sumitomo Corporation and ESB and a consortium managed by Green Investment Group and Macquarie Infrastructure and Real Assets. innogy led the project’s development and construction and operates it on behalf of the project partners.
The transmission assets included in the sale comprise the Galloper offshore substation, two subsea export cables, and the Galloper onshore substation. The divestment takes place in accordance with the Offshore Transmission Owner (OFTO) regime. In November 2018, following a competitive tender, Ofgem selected Diamond Transmission Partners (DTP) as preferred bidder for the transmission license for Galloper Wind Farm. Galloper Offshore Wind Farm is a 353MW project located 27km off the coast of Suffolk. The wind farm represents an investment of around £1.5 billion.