Transmission Capital

Projects: Barrow

Transmission Capital Partners was declared preferred bidder for the Barrow offshore transmission licence on 5 August 2010. [See Ofgem press release]. We established TC Barrow OFTO Ltd as a special purpose company to own the transmission assets and hold the transmission licence.

TC Barrow OFTO Ltd was awarded a transmission licence and took ownership of the assets on 27 September 2011, becoming Britain's third Offshore Transmission Owner. The transfer value of the assets was £33.6m.