Frontier Power (offshore transmission - UK)
The UK is rapidly developing its offshore transmission network to support a fast growing offshore wind industry. This is now emerging as a major investment opportunity for new entrants to the UK’s transmission sector. The UK government plans to tender competitively some £15bn of offshore transmission assets over the next ten years.
Frontier Power was early in identifying the scale of the opportunity in this segment, and has a target to secure £3bn to £5bn of these assets under its management.
Working with a consortia of leading financial institutions and infrastructure funds (Macquarie Corporate Holdings PTY, 3i PLC and Mitsubishi Corporation) Frontier Power has already succeeded in winning five bids in total worth over £1.1bn.
Frontier Power worked with the consortia to secure the financing of these assets, led material parts of the transactions and will manage the assets funder long term Management Services Agreements, giving secure quality returns to investors through effective commercial, and technical management of these major offshore transmission assets.
Click the links above to see more about our current projects in this area.