Transmission Capital Partners – Acquisition of transmission link to offshore wind farm in the UK

Transmission Capital Partners (TCP) has reached a GBP 297.9m financial close on its acquisition of the transmission link to the Dudgeon offshore wind farm in the UK North Sea. TCP, which is a consortium of International Public Partnerships, Amber Infrastructure Group and Transmission Investment, has acquired the cables from Dudgeon wind farm co-sponsors Equinor, Masdar and China Resources Group. TCP has been licensed to own and operate the link by UK energy regulator Ofgem and financed an estimated 85% of its purchase with a public bond issuance.