RNS Number : 7978C
Gwynt y Mor OFTO plc
21 October 2020
21 October 2020
GWYNT Y MOR OFTO PLC GBP 339,215,000 2.778 PER CENT. SECURED BONDS DUE FEB 2034
ISIN XS1175846580
Please find below an update regarding Gwynt y Mor OFTO plc:
Gwynt y Mor OFTO export circuit SSEC3 tripped at 16:54 on Thursday 15 October 2020. Testing undertaken on the evening of Friday 16 October 2020 from the offshore substation has indicated that the trip was caused by a single fault on SSEC3 located approximately 11km from shore. Further investigations will be required to determine the exact nature and cause of the fault.
SSEC3 provides 25% of the OFTO's transmission capacity. The 3 other subsea export cables are unaffected and remain fully available/operational.
The OFTO is working with its framework repair contractors and with RWE (windfarm owner/operator) to implement a plan to repair the cable as soon as possible. The OFTO has also informed its insurers and Ofgem.
Further updates will be provided as and when information becomes available.
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