A joint venture half-owned by Denmark's Orsted has agreed to sell the transmission assets of the Hornsea 2 wind farm offshore Britain to Diamond Transmission Partners Hornsea Two (DTP), the Danish energy group said on Friday.
Orsted, which owns the joint venture together with AXA IM Alts and Credit Agricole Assurances, said in a statement the assets were valued at 1.141 billion pounds ($1.47 billion).
The transmission assets include the onshore substation, export cables, the offshore reactive compensation substation, and the offshore substation, Orsted said in a statement.
Orsted said it would provide DTP with operations and maintenance services for the transmission assets under a long-term agreement. ($1 = 0.7757 pounds)
(Reuters - Reporting by Louise Breusch Rasmussen, editing by Anna Ringstrom and Jason Neely)
