Balfour Beatty has announced that its consortium with Equitix has reached financial close for the GBP 162.9 million Humber Gateway offshore transmission project (OFTO). Balfour Beatty will invest GBP 12.5 million of the total required equity of GBP 21 million.
The high-voltage electricity transmission link connects E.ON’s 219MW offshore wind farm in the North Sea (73 turbines), 8 kilometres from the east Yorkshire coast, to the onshore transmission grid. The Balfour Beatty Equitix Consortium will own and operate the offshore transmission link to E.ON’s Humber Gateway wind farm for the next 20 years. Balfour Beatty’s Power Transmission and Distribution business will be responsible for the operation and maintenance of the OFTO’s assets, including one offshore and one onshore substation and two cable circuits consisting of 18 kilometres of subsea and 30 kilometres of land cable.
