Macquarie Venture Gets $422 Million U.K. Offshore Wind License

(Bloomberg) — The U.K. energy regulator granted Macquarie
Corporate Holdings Pty Ltd. and 3i Infrastructure Plc a license
to own and operate a 269 million-pound ($422 million) offshore
wind transmission link in the Irish Sea.

The license enables the West of Duddon Sands Transmission
Plc venture to manage the electricity link for 20 years, Ofgem
said
Friday on its website. The link transports power from the
389-megawatt Duddon Sands wind farm to the shore.

Dong Energy AS and ScottishPower Renewables Ltd. this week
signed an agreement to sell the wind farm’s transmission assets
to the venture, which will operate and maintain the link. The
project 15 kilometers (9.3 miles) off Walney Island in Cumbria
generates enough electricity for about 270,000 homes a year.

The U.K. had almost 4,500 megawatts of installed offshore
wind capacity at the end of last year, the largest in Europe,
according to European Wind Energy Association estimates.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Randall Hackley, Dan Weeks

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