Seagreen Wind Energy Limited (SWEL) has announced the sale of the Offshore Transmission Assets of the Seagreen Phase 1 Offshore Wind Farm to Seagreen Phase 1 OFTO, a consortium of Equitix and Kyuden Group. This sale, a requirement of the offshore transmission regime, follows a competitive tender process conducted by Ofgem.

The transaction involves the transfer of subsea and onshore export cables, as well as offshore and onshore substations. Equitix and Kyuden Group will be responsible for the ownership, operation, and maintenance of these assets for a 24-year period, under a transmission license granted by Ofgem.

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The Seagreen Phase 1 offshore wind farm, located 27km off the Angus coast, features transmission assets that include three approximately 64km long export cables and a 20km onshore cable to the Angus substation. The wind farm became fully operational in October 2023 and has a capacity of 1,075MW, capable of powering nearly 1.6 million homes annually.

This project is significant in contributing to Scotland's net-zero ambitions, with the capacity to displace over 2 million tonnes of carbon dioxide annually. The construction of Seagreen also provided a substantial economic boost to Scotland, supporting around 4,000 jobs and contributing over £1 billion to the Scottish economy.