Balfour Beatty is to become the offshore transmission owner (Ofto) at the 300MW Thanet wind farm off the Kent coast. The company will acquire the asset for £164 million.
The Thanet link was previously operated by wind farm owner Vattenfall. The assets include one offshore and one onshore substation and over 50km of subsea cables. Balfour Beatty’s Services division is responsible for the assets’ operations and maintenance under a licence granted by Ofgem with a 20 year revenue stream.