Regulator Ofgem has granted a licence to own and operate a £269 million offshore wind farm transmission link.
West of Duddon Sands Transmission, a joint venture between Macquarie Corporate Holdings (50%) and 3i Infrastructure (50%), won the licence for the 389MW wind farm.
It is the fourth and final offshore transmission project to reach a financial close and licence grant under Ofgem’s second round.
It has so far delivered £1.4 billion of transmission assets, connecting 1.9GW of offshore wind.
The wind farm is located in the East Irish Sea, around 14km from the Cumbrian coast.
Dermot Nolan, Ofgem Chief Executive, said: “The regulatory frameworks devised by Ofgem are key to attracting the new investment needed to extend grid networks to connect renewable energy projects and to enable planned interconnectors with European partners to be built.
“This model is helping drive down costs for consumers.”