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Date: March 2026 | Client: Ofgem | Sector: Energy | Energy networks | Energy transition & flexibility | Expertise: Regulation & competition

Ofgem announces record number of qualified OFTO bidders

CEPA has acted as financial advisor to Ofgem, as part of a consortium that includes Smith Square Partners and Centrus. This includes advice on the evaluation of tenders and broader policy advice. This advice has involved support on the majority of tender rounds.

Since its launch in 2009, the OFTO regime has seen winning bidders invest over £10bn in links connecting 28 offshore wind farms. As the race to achieve clean power intensifies, Ofgem anticipates bringing as much as £6bn of OFTO assets to market each year in the run up to 2030.

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