The estimated value of the transmission assets for the 576MW project is £346m.
Balfour Beatty Equitix Consortium is a group comprising Balfour Beatty Investments and Equitix and was selected by Ofgem through a competitive tender process in which bidders competed to become offshore transmission owners.
The Gwynt y Mor windfarm is being built by RWE Npower renewables and is currently under construction in Liverpool Bay, off the North Wales coast comprising of 160 wind turbines. The project is being funded by RWE Innogy, in partnership with Stadtwerke München GmbH and Siemens.
The next tender round, Tender Round 3 (TR3), is expected to launch later in 2013.