AMP in line for UK infrastructure asset
A consortium comprising Australia’s AMP Capital Investors, London-based investment firm Equitix and infrastructure-services firm Balfour Beatty have been named the preferred bidder for Greater Gabbard Offshore Transmission Owners (OFTO) by UK electricity and gas regulator OFGEM. The asset, a transmission link to the 500 MW offshore wind farm off England’s Suffolk coast, is worth an estimated GBP316.6 million ($521.2 million), according to a consortium statement.
Greater Gabbard OFTO is the largest of nine assets tendered by OFGEM in the first round of procurement. If the consortium completes the purchase, it would manage the project for the next 20 years. AMP...
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