EIB helps Walney 2 OFTO close

The Blue Transmission consortium, comprising Macquarie Capital and Barclays Infrastructure Funds Management, has been granted a licence to own and operate the transmission link between the Walney 2 windfarm and the Grid.

Half of the debt on the deal will be funded by the EIB.

“Long-term financing of the Walney 2 transmission link will bring down the cost of renewable energy paid by consumers,” said Simon Brooks, EIB vice-president for the UK.

Blue Transmission was granted the licence to operate the Walney 1 OFTO in October last year.

Walney windfarm is owned by Dong Energy, Scottish and Southern and OPW, which is jointly owned by Dutch pension administrator PGGM and Ampère Equity Fund.