Lincs
Located 8km off Skegness, Lincolnshire. Round 2 development.
Status
Operationallifecycle stage
Ownership
Location
United KingdomNorth Sea
Technology
Capacity
270 MW ◆
Turbines
75 × 3.6 MW ◆
Model
Siemens Swt 3-6-120 ◆
Foundation
Monopile ◆
Site & conditions
Site rights
Seabed rights held ∴
Origination
Crown Estate Round 2 · 2003 ·
Water depth
8–18 m ◆
Distance from shore
8 km ◆
Wind speed
9.4 m/s @ 100 m ≈
Revenue & grid
Offtake
Other ∅
Grid
Secured · 4 Nov 2014 ◆
Connection
Walpole 400kV substation, Norfolk, via 132kV subsea export … ◆
Schedule
FID
Oct 2009 ◆
COD
1 Aug 2013 ◆
Project timeline & ownership verified milestones on the spine · ownership from Hafrok’s transactions record
Origination · 2003-12
Crown Estate Round 2
- Awarded to
- Centrica
- Basis
- seabed award
From the auction results — the round that created the project.
Farmdown · 2009-12
Centrica → Ørsted / Siemens Project Ventures 50%
- Stake
- 50%
- Consideration
- €417m
- Implied 100% value
- €834m
- Implied
- €3.09m / MW
- Basis
- Equity plus construction commitment
- Announced
- 2009-12
- Closed
- 2010-01
- Project stage
- pre-FID
Centrica sold 50% of the Lincs project to DONG Energy (now Ørsted) and Siemens Project Ventures (25% each) for GBP 50m development cost contribution plus pro-rata share of future construction costs (total project capex ~GBP 750m). The GBP 50m upfront was the equity consideration for 50% of incurred development costs. EUR figure at the ECB 2009-12 monthly average (1.1115 EUR per GBP).
Evidence
- orsted.com — DONG Energy and Siemens Project Ventures to join UK offshore wind farm project ↗ 2009-12 ◆ held
From Hafrok’s transactions record
Acquisition · 2017-01
Centrica / Siemens Project Ventures → Green Investment Group (GIB Offshore Wind Fund) 75%
- Stake
- 75%
- Consideration
- €849m
- Implied 100% value
- €1,132m
- Implied
- €4.19m / MW
- Basis
- Enterprise value
- Announced
- 2017-01
- Closed
- 2017-Q1
- Project stage
- operational
Centrica (50%) and Siemens Project Ventures (25%) sold their combined 75% of Lincs to the UK Green Investment Bank Offshore Wind Fund and GIB plc; Ørsted kept 25%. The deal put 75% of the enterprise value at GBP 731m (Centrica GBP 487m for 50%, Siemens GBP 244m for 25%), EUR 849m at the January 2017 ECB average of 1.1614 EUR per GBP. After repaying debt and costs Centrica expected net proceeds of about GBP 220m.
Evidence
- offshoreWIND.biz — Green Investment Bank Buys 75% Stake in Lincs Offshore Wind Farm as Centrica Bows Out ↗ 2017-01 ◆ held
- Centrica — Centrica announces sale of its remaining wind farm joint venture ↗ 2017-01-13 ◆ held
From Hafrok’s transactions record
Secondary trade · 2022-09-16
Macquarie European Infrastructure Fund 5 (MEIF5) → Octopus Energy Generation (Octopus Renewables Infrastructure Trust / Sky fund) 15.5%
- Stake
- 15.5%
- Consideration
- not disclosed
- Announced
- 2022-09-16
- Project stage
- operational
"Macquarie European Infrastructure Fund 5's minority stake in Lincs, which it has held since 2017, has been acquired by Octopus Renewables Infrastructure Trust and Sky (ORI SCSp), funds managed by Octopus Energy Generation ... Macquarie Green Investment Group Renewable Energy Fund 1 will continue to manage a 44 per cent stake in Lincs following this transaction" (Macquarie, 16 Sep 2022). MEIF5's stake was part of the 31% GIB plc took DIRECTLY in January 2017 (the 44% went to the GIB Offshore Wind Fund, now REF1). Written 2026-08-18.
Evidence
- Macquarie Asset Management — Macquarie Asset Management sells minority stake in Lincs Offshore Wind Farm | Macquarie Group ↗ 2022-09 ◆ held
From Hafrok’s transactions record
Dashed tick marks today (13 Oct 2026). The teal diamond on the spine is origination — the seabed award or round that created the project. Every other ownership event lives in the band below: one station per recorded deal, dated at its label, in deal order rather than to calendar scale. Secondary trades appear only at the interchanges; grey lines are parties whose entry or exit Hafrok’s record does not hold.
Announced-COD history: 2013-Q3→2013-08-01 · 2 recorded revisions · held within the year (first announced 2013-Q3, latest 2013-08-01)
Revenue & offtake the regime the project was built under
Offtake regime on record
RegimeRenewables Obligation: 2.0 ROCs/MWh (offshore wind, accredited 2013, ROO 2009 banding — rate per policy table, project-specific Ofgem accreditation not confirmed)
A built project sells its power under the contract or support regime it was financed with; it is not expected to bid into new government offtake rounds. Where the record does not yet name that regime, the row says so rather than guessing.
Installation how the build is going · from sourced statements and Hafrok’s registers
Installation complete
Installation · on record
StageOperational
In operation since2013-08-01
Offshore construction2011-03 → 2013-08-01
Construction ports
PortPort of Hull (ABP) ◆construction base
PortPort of Grimsby ◆operations base
Grid connection
from Hafrok’s substation, converter and cable registers
Offshore platforms · 1
Offshore substationLincs Offshore Substation Platform (OSP)·132/33 kV · in service 2012 · owner TC Lincs OFTO Ltd (Transmission Capital Partners / Transmission Investment); assets built by Lincs Wind Farm Limited (Centrica / Ørsted / Siemens Project Ventures JV)
Grid connection · ready in time?
when each part of the grid connection is due, against the start date the developer states (black line) · a bar spans the whole year, quarter or month the source gives
installed or in serviceexpected deliveryearlier date that was later moved
Sources & verification
Rests on 14 sources (12 primary) · ◆ 8 documents held
◆Verified≈Modelled◇Sourced∴Inferred⌁Convention○Unverified∅No source·Derived
Numbers are stable citation ids — grouped by source class, so they are not consecutive.
Regulator2
[11]
Ofgem2014-11-04◆ Ofgem grants £308 million transmission a…
“Ofgem grants £308 million transmission assets licence for Lincs wind farm on 4 November 2014. TC Lincs OFTO Limited granted transmission licence. The wind farm comprises 75 3.6MW turbines, giving a ca…”
supportsTurbinesUnit capacityTotal capacityStatusConnection point+1 more
[17]
Department for Energy Security and Net Zero2026-05-06◆ Renewable Energy Planning Database (REPD…
“REPD Q1 2026 quarterly extract — Ref ID 2513: Site Name "Centrica (Lincs)", Development Status "Operational", Installed Capacity 270 MWelec, Operator "Ørsted"”
supportsRegister entry
Operator4
[1]
Ørsted A/S (then DONG Energy)2017-01-12◆ DONG Energy to provide operation and mai…
“DONG Energy has today agreed to enter into a long-term contract to provide operation and maintenance ('O&M') services to Lincs Offshore Wind Farm ('Lincs'), a 270MW offshore wind farm located off the …”
supportsOnshore constructionOffshore constructionCommercial operationCOD historyTurbines+3 more
[18]
National Energy System Operator (NESO)2026-07-21◆ NESO Transmission Entry Capacity (TEC) R…
“NESO TEC Register, edition 21 July 2026 - PRO-000215: "Lincs Offshore Wind Farm", Status "Built", MW Connected 265, Effective From n/a, Customer "LINCS WIND FARM LIMITED"”
supportsRegister entry
[19]
Macquarie Asset Management2022-09-16◆ Macquarie Asset Management sells minorit…
“Macquarie European Infrastructure Fund 5's minority stake in Lincs, which it has held since 2017, has been acquired by Octopus Renewables Infrastructure Trust and Sky (ORI SCSp), funds managed by Octo…”
supportsowner
[20]
Octopus Energy2023-02◆ Octopus Energy makes more waves in offsh…
“Octopus further invests in the 270 MW Lincs offshore wind farm off the east coast of England, increasing Octopus' stake in Lincs to 31%. Octopus Energy Generation's fund management team previously man…”
supportsowner
OEM1
[10]
Siemens AG (UK)2010
“Siemens Energy won a major order to implement grid connection for the Lincs offshore wind farm. The offshore substation steps up voltage from 33kV (turbines) to 132kV transmission voltage. High-voltag…”
supportsStatusConnection point
Trade press7
[6]
Offshore Wind Biz2013-08-01◆ UK: Lincs Offshore Wind Farm Inaugurated…
Press report — cited, not quoted; read it at the source link.
supportsFirst powerDistance from shoreoperations base
[7]
Offshore Wind Biz2013-04-02
Press report — cited, not quoted; read it at the source link.
supportsTurbinesUnit capacity
[8]
Proactive Investors2009-10-28◆ Centrica to start construction of 270 me…
"Centrica plc announced that its 270 megawatt Lincs offshore wind project has received final investment approval, and that construction is expected to begin in 2010." ... Centrica plc (LSE: CNA) annou…
supportsFinal investment decision
[12]
NS Energy Business (GlobalData)2024
Press report — cited, not quoted; read it at the source link.
supportsConsentModelFoundationWater depthDistance from shore+3 more
[14]
Transmission Capital Partners / Transmission Investment2024
“TC Lincs OFTO Ltd acquired transmission assets and received its transmission licence on November 11, 2014. Transfer value approximately £307.7 million. Export cables operate at 132kV with combined off…”
supportsStatusConnection point
[15]
Macquarie Group2022-09
“Macquarie Green Investment Group Renewable Energy Fund 1 will continue to manage a 44 per cent stake in Lincs”
supportsoperator
[16]