Ofgem has announced Equitix as preferred bidder on the c. £450 million Tender Round 10 Neart na Gaoithe Offshore Transmission Owner (OFTO) project.
The Neart na Gaoithe Offshore Wind Farm (translated as “strength of the wind”) has been developed by Neart na Gaoithe Offshore Wind Limited, a 50/50 joint venture between EDF power solutions and Irish energy supplier, ESB.
The wind farm is a 448MW offshore wind farm, located approximately 16km from Fife Ness and 16 km from the Isle of May. It is capable of powering around 375,000 Scottish homes and can offset over 400,000 tonnes of CO2 emissions each year.
Operis is acting as financial advisor to Equitix for the project.
Operis’s Head of Advisory Chris Aldred: “This is a fantastic milestone for the project and further demonstrates Equitix’s commitment to, and understanding of, the sector. We look forward to continuing our support through to successful asset transfer. Congratulations to James Mellish, Ken Yashiki and Blair Nimmo in particular, and to the wider team.”
