Mitsubishi Corporation Named Preferred Bidder for Offshore Transmission Asset in the UK
2017年7月26日 - 1:47PM
JCN Newswire (英)
Mitsubishi Corporation (MC) has been selected as the preferred
bidder for a new offshore electricity transmission link in Europe.
The new offshore electricity asset, Burbo Bank Extension Offshore
Wind Farm, MC's fifth such project in the UK, is situated
approximately 25 km off the country's northwestern coast. Connected
to the Bodelwyddan substation in Denbighshire, North Wales, the
Burbo Bank Extension Offshore Windfarm consists of one subsea
cable, one land cable, one offshore substation and one onshore
substation. The asset has a transmission capacity of up to 258 MW
and is valued at GBP 180 million (approximately JPY 26
billion).
MC will execute this electricity transmission business for a
20-year period starting around the end of 2017, following
successful acquisition of the asset and the granting of an Offshore
Transmission Owner (OFTO) license by the UK's Office of Gas and
Electricity Markets (Ofgem).
In addition to four such assets held in Germany, acquisition of the
Burbo Bank Extension asset brings the total of power transmission
assets held by MC in Europe to nine, for a gross transmission
length of approximately 900 km and a capacity of circa 4.35 GW.
Diamond Transmission Corporation Limited (DTC) was established as
an MC subsidiary in the UK in 2013 in order to ensure that the
company's transmission assets across Europe are managed
efficiently. DTC's highly qualified in-house professionals carry
out technical operations and maintenance as well as provide
accounting and other services, with the support of professionals
dispatched from MC. The current bid was the first to be led by DTC,
which drew on its extensive experience in the offshore transmission
business, particularly as it relates to the design of the bid and
all aspects of asset management strategy, including commercial and
technical delivery.
Through DTC, MC will continue seeking to expand its investments and
overall engagement in the interconnector business, including the
acquisition of additional offshore, onshore and cross-border
interconnector transmission assets in the UK, with the ultimate
goal of helping to imrpove the balance between electricity supply
and demand across countries.
Europe expects to generate some 50 GW of offshore wind power
capacity by 2030 and stablilisation of power transmission systems
is becoming more and more important as power generation from
renewable sources rises. MC sees this as an opportunity to develop
businesses that help reduce greenhouse gas emissions, thereby
contributing to the generation of economic, environmental and
social value.
About Mitsubishi Corporation
Mitsubishi Corporation (MC; TSE:8058) is a global integrated
business enterprise that develops and operates businesses across
virtually every industry including industrial finance, energy,
metals, machinery, chemicals, foods, and environmental business.
MC's current activities are expanding far beyond its traditional
trading operations as its diverse business ranges from natural
resources development to investment in retail business,
infrastructure, financial products and manufacturing of industrial
goods. With over 200 bases of operations in approximately 80
countries worldwide and a network of over 500 group companies, MC
employs a multinational workforce of nearly 60,000 people. For more
information, please visit www.mitsubishicorp.com.
Source: Mitsubishi Corporation
Contact:
Mitsubishi Corporation
Telephone: +81 3 3210 2171
Facsimile: +81 3 5252 7705
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