Projects

Frontier manages ~£1bn of OFTO assets on behalf of investors and handles multiple aspects of managing these complex assets, including dealing with regulators, insurance providers and O&M suppliers. Frontier Power is now looking to ramp up its activities in the upcoming OFTO auction tenders given the expected expansion in the scale of assets being auctioned. For Frontier Power, UK OFTOs represent a major opportunity set in the coming years and decades. 

Frontier Power is a significant shareholder in Cerulean Winds, which is developing large floating wind offshore wind projects in the North Sea off the east coast of Scotland. Given the synergies between the companies, Frontier Power and Cerulean Winds tied up in 2022/23 and successfully bid together to secure 999 square kilometres of prime seabed in the North Sea as part of Scotland’s INTOG auctions. Frontier Power’s team is involved in developing grid aspects for these projects The first phase of development is underway with funding secured from multiple suppliers and UK government (Crown Estate Scotland). The total potential of the sites represents 3.0-6.0 GW of floating wind development opportunities in one of the best wind resource and strategically located sites in the world. 

Frontier Power has tied up with Japan Interconnector to spearhead its expansion in Asia via a new entity, Frontier Power Asia (currently being established). Frontier Power Asia, which will be led by Oliver Senter, will look to develop multiple interconnectors and other projects in Japan, Korea and other regions in Asia. The opportunity set in the region to develop interconnectors and links to offshore wind projects if likely to be large (investment scope in the tens of billions of dollars). Frontier Power Asia is already in early discussions with partners to develop links between Japan and Korea as well as in South East Asia.  

Frontier Power and Japan Interconnector, via Frontier Power Asia, have officially applied to be considered as an eligible bidding party for Japan’s first independent undersea link project being auctioned in a competitive process. The consortium has already received support from notable financial and industrial partners, to be part of the competitive process and undertake due diligence to bid into this major project in Japan. Hokkaido link #1 aims to link the country’s northern regions rich in renewable power resources to the southern demand centres. The project requires some $10bn of investments according to official initial estimates by Japanese authorities. The Frontier Power led consortium is one of two applicants for this major undersea HVDC project. Japan has plans to develop other such links via similar competitive processes. Given its experience in developing undersea HVDC links, Frontier Power aims to be a leading contender in such projects. 

Frontier Power is looking to participate in a new programme being proposed by UK government and Ofgem to develop long duration energy storage (LDES) using novel energy storage technologies. Frontier Power is currently in the process of establishing relevant partnerships that will enable it to participate in Ofgem’s 2025 LDES window and develop long duration energy storage solutions at scale in the UK. As renewable energy’s share in the energy mix increases, the need for long duration energy storage is only going to increase as a key enabler of stabilising the grid. Frontier Power sees opportunities for LDES projects in other parts of the world where it is active.