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Ofgem Calls for Investors to Bid on £7bn Offshore Transmission Assets

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Eolus teams up with PNE on Latvian offshore project. (Credit: Unsplash/Nicholas Doherty)

Ofgem, the energy regulator in Britain, has issued a call to potential investors interested in bidding for offshore transmission assets worth £7 billion. These assets are scheduled to be auctioned off between 2024 and 2025. The auction will include approximately 10 Offshore Transmission Owner (OFTO) assets, which consist of prebuilt transmission connections for offshore wind

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