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London Array JV sells transmission assets

A joint venture owned by DONG Energy, E.ON and Masdar, has sold transmission assets at the world's largest offshore wind farm to Blue Transmission London Array Limited.

The asset value is £459 million, and expected to complete later this month.

Blue Transmission London Array Limited is the licensee entity incorporated by the consortium of Barclays Infrastructure Funds Management Limited and Diamond UK Transmission Corporation (a wholly owned subsidiary of Mitsubishi Corporation).
 
London Array has been selected by Blue Transmission London Array Limited to provide operations and maintenance services to the transmission link connecting the 630MW London Array Offshore Wind Farm to the onshore grid.
 
London Array is located around 20 km off the coasts of Kent and Essex on a 100 km2 site. Its 175 Siemens 3.6 MW turbines have a combined capacity of 630MW and are expected to produce enough electricity to power over half a million UK homes each year.
 
The project is owned by DONG Energy (50%), E.ON (30%) and Masdar (20%).

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