Projects: Ormonde

Transmission Capital Partners was declared preferred bidder for the Ormonde offshore transmission licence on 28 October 2010. [See Ofgem press release]. We established TC Ormonde OFTO Ltd as a special purpose company to own the transmission assets and hold the transmission licence.

TC Ormonde OFTO Ltd was awarded a transmission licence and took ownership of assets on 10th July 2012. The transfer value of the asset was £103.9M.