The offshore wind transmission links are worth £700 million and will connect 2 GW of offshore wind capacity.
The three preferred bidders are Balfour Beatty Capital Ltd, Macquire Capital Group Ltd and Transmission Capital Partners.
The offshore wind transmission link announcements are part of the Department of Energy and Climate Change (DECC) and Ofgem’s scheme to encourage investment in high voltage transmission links for a potential 50 GW of new offshore wind – worth over £20 billion.
The consortia bid for the right to own and operate offshore transmission links in return for a 20-year regulated revenue stream.
Two projects have not yet been awarded.
The projects are: