With the first United Kingdom Offshore Transmission Owner (OFTO) licence granted in March 2011 and a total of 20 granted over the last decade, a re-evaluation of the regime is timely. What were the aims of and hopes for the regime when it was launched? Has the regime met its aims and is it still fit for purpose in 2020?
In this nine-part series, our multidisciplinary WFW London team will explore these questions and offer a comprehensive analysis of the planning, regulatory, real estate and construction aspects of the regime. Our experts will provide insight into the regime’s impact on the offshore wind market and provoke discussions on the future of the industry. WFW has advised on some of the largest OFTO sales in the past year, including the Race Bank and Galloper wind farms, and is among the market’s foremost legal advisers on OFTO regimes.
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Links to each article will be updated upon publication:
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The OFTO Regime: A Retrospective
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The Complexities of Ever Larger Projects
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Key considerations when dealing with the divestment of property interests on OFTO transactions
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A review of the OFTO regime? Yes please!
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The Generator Commissioning Clause
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Income Adjusting Events and insurability
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OFTO sales – avoiding the pitfalls
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Where are we with CATOs and what can we learn from OFTOs?
