Vattenfall completes $260 million power cable sale in the U.K.

Vattenfall has completed the sale of Thanet Offshore Wind Farm transmission infrastructure in a nearly $259 million deal. The sale includes export cables and substations and is a part of the unbundling process.

The agreement, with international infrastructure group Balfour Beatty, was finalised today following a tender process, managed by energy regulator Ofgem, to select the new transmission owner. This is a part in the unbundling process, which stipulates the separation of companies’ generation and sale operations from their transmission networks.

Vattenfall will continue to own and operate the 100-turbine offshore wind farm but will now export power to the National Grid through Balfour Beatty’s infrastructure.

Vattenfall installed Thanet Offshore Wind Farm’s two 16-mile cables in 2009 and the wind farm started exporting power to the National Grid in 2010.

The transmission assets that are transferring to Balfour Beatty comprise of:

·      One offshore platform and associated substation

·      Two subsea 132kV cables of 16-mile each

·      Two 132kV onshore cables of 1.4 miles each

·      An onshore substation (Richborough)

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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