Equitix JV Closes In On $533M Offshore Wind Links

Law360, New York (July 26, 2013, 3:14 PM EDT) -- A joint venture of Balfour Beatty PLC and Equitix Ltd. is one step closer to owning and operating an electrical transmission links system, valued at £346 million ($532.6 million), coming off of one of RWE AG's offshore wind farms, a U.K energy regulator said Friday.

Beating out three other shortlisted bid partnerships, the Balfour Beatty Equitix Consortium was named the preferred bidder to take charge of the high-voltage transmission links tied to RWE npower Renewable Ltd.'s Gwynt y Mor wind farm, the U.K. Office of Gas...
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