Ofgem appoints offshore tender advisors
UK energy regulator Ofgem has appointed financial advisors to assist it in running the competitive tendering of transmission licences for more than £10 billion-worth of new offshore power networks. A consortium led by professional services firm Ernst & Young, together with Royal Bank of Canada and insurer Willis, has been engaged for the first round of tenders.
The new infrastructure will be needed to carry electricity to the mainland from proposed wind farms - up to 33 gigawatts of capacity -
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