Ofgem has put out a call to prospective investors to bid for £7 billion of offshore transmission assets due to be auctioned off over the next two years. Under the Offshore Transmission Owners (OFTO) regime, investors bid to own and operate the transmission connections built by the developers of offshore wind farms. Ten such connections are expected to go under the hammer in two bidding rounds in 2024 and 2025.
Ofgem invites bids for £7bn of offshore wind connections
