Financial Adviser for Offshore Transmission Tender Round 11 (TR11)

Ofgem is required to run a tender exercise for all offshore transmission projects that qualify under the Tender Regulations 2015.

The next offshore tender round - Tender Round 11 (TR11) - Ofgem is launching in early-February 2024.

Provision of financial consultancy support services will be crucial to ensuring that a robust tender process takes place for TR11 and without this, Ofgem will be unable to run an effective tender process for this tender round.

To facilitate a robust tender evaluation process, Ofgem requires the services of a supplier on various aspects of the tender and transaction process.

This will include advice and support to Ofgem on areas such as market capacity, existing funding models and options, key financial parameters to be reflected in the process (e.g. indexation policy), input to the design and content of tender questionnaire criteria and documentation, evaluation of bidder submissions, as well as various aspects of financial assessment required to bring the project to close/appoint an OFTO.