In a landmark transaction, Macquarie Asset Management has secured full ownership of National Gas, concluding a major acquisition of the remaining 20% equity interest held by National Grid. This move positions Macquarie Asset Management as the sole owner of National Gas, which operates the United Kingdom’s expansive 7,660-kilometre national gas transmission system. This acquisition underscores […]
Diamond Transmission Partners Hornsea Two Limited (DTP) have acquired the transmission assets of the UK’s Hornsea 2 Offshore Wind Farm in a deal worth GBP 1.141 billion. The agreement was signed by Breesea Limited, Soundmark Wind Limited, and Sonningmay Wind Limited, a joint venture owned by Ørsted (50%) and AXA IM Alts and Crédit Agricole […]
SSEN Transmission, an arm of energy company SSE, has received green light from the UK’s energy regulator Ofgem for the Orkney transmission link, a subsea electricity transmission connection to Orkney. The approval from Ofgem has cleared the way to connect Scotland’s final island group to the GB Transmission network. The Orkney transmission link is anticipated […]
Scottish energy company SSE has secured approval from the Office of Gas and Electricity Markets (Ofgem) for the Shetland transmission link project, a 600MW HVDC transmission link that will connect Shetland to the UK mainland. The Shetland transmission project is being advanced by SSE’s transmission business – Scottish and Southern Electricity Networks Transmission (SSEN Transmission). […]