© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - Balfour Beatty Completes Acquisition of £352 Million Offshore Transmission Project in Wales
Posted 20th February 2015

Balfour Beatty Completes Acquisition of £352 Million Offshore Transmission Project in Wales

Balfour Beatty announces that it has reached financial close and completed the acquisition of the £352 million Gwynt y Môr offshore transmission project (OFTO) in the UK.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Balfour Beatty Completes Acquisition of £352 Million Offshore Transmission Project in Wales
Image

Balfour Beatty Completes Acquisition of £352 Million Offshore Transmission Project in Wales

Balfour Beatty, the international infrastructure group, announces today that it has reached financial close and completed the acquisition of the £352 million Gwynt y Môr offshore transmission project (OFTO) in the UK. 

Balfour Beatty will jointly own Gwynt y Môr OFTO with Equitix. Balfour Beatty will invest £28 million of equity, which represents 60% of equity required.

The Gwynt y Môr OFTO, previously operated by Gwynt y Môr Offshore Wind Farm Limited, is the high-voltage electricity transmission system connecting the 576MW offshore wind farm, in North Wales, to the onshore transmission grid. The wind farm will be capable of generating enough electricity for around 400,000 homes each year. The assets include three substations – two offshore and one onshore – and over 80 kilometres of subsea cables. Balfour Beatty’s Services division is responsible for the assets’ operations and maintenance under a licence granted by Ofgem with a 20 year revenue stream.

To date, Balfour Beatty has achieved financial close on three OFTO projects and now has responsibility for OFTO transmission assets worth £833 million with a combined transmission capacity of 1380 MW. Financial close was achieved on the £317 million Greater Gabbard OFTO in November 2013 and the £164 million Thanet OFTO in December 2014.

Leo Quinn, Balfour Beatty Group Chief Executive, said: “The offshore transmission market has a future pipeline to 2020 of up to £10bn, which represents a sizable growth opportunity for our Investments business. Combining our investment and operational capabilities gives us a leading offering in this market and we have already used this to establish a strong early presence.”

Categories: Finance, M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
What You Need to Know About Creating a Content Marketing Plan
Strategy
13/02/2023What You Need to Know About Creating a Content Marketing Plan

One of the hardest tasks for any business owner to accomplish is to hook the crowd. Not only is coming up with content difficult, you're not sure how to go about it.

Read Full PostRead - Eye Icon
Bristow acquisition of Airnorth
Finance
19/03/2015Bristow acquisition of Airnorth

Bristow Group Inc. (NYSE: BRS), a leading provider of helicopter services to the worldwide offshore energy industry, announced that its affiliate, Bristow Helicopters Australia Pty Ltd., acquired an 85 - percent interest in Airnorth, [Inc., Ltd. and subsidiari

Read Full PostRead - Eye Icon
Balancing Digital Growth With Tangible Asset Security
Finance
02/02/2026Balancing Digital Growth With Tangible Asset Security

Markets reward novelty, so portfolios often drift toward whatever has been rising. Digital holdings can expand quietly until one platform or theme dominates day-to-day wealth planning. Balancing digital growth with tangible asset security starts with clear def

Read Full PostRead - Eye Icon
Managing Liability After an Escalator Incident in the Workplace
Legal
26/01/2026Managing Liability After an Escalator Incident in the Workplace

Escalators are an integral part of modern commercial buildings, enabling efficient movement through offices, corporate campuses, and mixed-use facilities. Because they are used daily without incident, their potential risks are often overlooked—until a malfun

Read Full PostRead - Eye Icon
The Desire to Acquire and the Urge to Merge
M&A
28/10/2015The Desire to Acquire and the Urge to Merge

M&A activity is a crucial ingredient of the business strategy for most companies.

Read Full PostRead - Eye Icon
Why Financial Literacy Is Significant In Business Endeavors
Finance
01/07/2021Why Financial Literacy Is Significant In Business Endeavors

Financial Literacy is a critical skill when it comes to business endeavors. Do you want to know why? These are the main and most logical reasons.

Read Full PostRead - Eye Icon
The 8 Best Coworking Spaces for Tech Startups
Innovation
24/02/2021The 8 Best Coworking Spaces for Tech Startups

Startup companies in the information technology sector need space to collaborate and innovate. In-person and remote meetings require a specialized office, but new businesses may not be able to invest in a permanent location. These are the best eight coworking

Read Full PostRead - Eye Icon
7 Top-Rated Consulting Services for Managing H-2A and H-2B Visa Compliance
News
24/02/20257 Top-Rated Consulting Services for Managing H-2A and H-2B Visa Compliance

7 Top-Rated Consulting Services for Managing H-2A and H-2B Visa Compliance Today’s economy is growing increasingly global as imports and exports blur national borders. However, producing those goods requires human resources — something often lackin

Read Full PostRead - Eye Icon
Reasons for LTD Claim Denials for Covid-19 Long Haulers
Legal
27/09/2021Reasons for LTD Claim Denials for Covid-19 Long Haulers

Covid-19 rapidly spread across the world and became a global pandemic. Hundreds of millions of people became infected, with millions being forced to take a leave of absence from their jobs due to symptoms.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow