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.
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