Orsted, the Danish energy company, has successfully concluded the sale of its transmission assets associated with the Hornsea 2 wind farm. Hornsea 2 is located around 90 kilometers off the Yorkshire coast in the North Sea and consists of 165 Siemens Gamesa 8MW wind turbines. With a total capacity of 1320MW, the wind farm generates enough clean electricity to power over 1.4 million homes across the UK.

The transmission assets, valued at £1.17 billion ($1.47 billion), have been purchased by Diamond Transmission Partners Hornsea Two (DTP), which is a partnership between Diamond Transmission Corporation and HICL Infrastructure. The sale was initiated following Ofgem's decision to select DTP as the preferred bidder for the offshore transmission license for Hornsea 2 in 2022.

The transmission assets involved in this deal encompass the onshore substation, export cables, the offshore reactive compensation substation, and the offshore substation. With the completion of this sale, Orsted is moving forward with its commitment to renewable energy projects while providing Diamond Transmission Partners with a significant stake in the growing offshore wind market.