Lincs Wind Farm Limited has completed the sale of the transmission assets at the 270MW Lincs offshore wind farm to TC Lincs OFTO Limited for £308 million.
The disposal is in line with regulations requiring offshore wind farm generators to divest their transmission assets to an offshore transmission owner (OFTO) post-construction.
Lincs Wind Farm Limited is a joint venture between Centrica Energy (50%), DONG Energy (25%) and Siemens Project Ventures (25%), the equity investment arm of Siemens Financial Services.