Aviva Investors has announced it has provided financing to Diamond Transmission Partners for the purchase of offshore transmission operator (OFTO) assets at Hornsea One, the world’s biggest offshore wind farm. The transaction was carried out on behalf of Aviva UK Life’s annuity business and further extends Aviva Investors’ commitment to the Hornsea One project, with the business having originally provided GBP 400 million (US$ 556 million) of financing in 2018 to help fund its construction.

Hornsea One, owned by Ørsted Wind Power A/S and Global Infrastructure Partners (‘GIP’), is a 1.2GW asset located off the East Coast of England. Consisting of 174 Siemens 7MW wind turbine generators, it was the first wind farm to have more than 1GW of capacity and produces enough energy to power over one million UK homes.