Ocean Winds awarded with CfD for its Moray West offshore wind project
July 7, 2022
Ocean Winds has been awarded by the UK government with a 15-year CfD to sell the energy produced by 294 MW out of the 882-MW wind offshore project Moray West.
MADRID, Spain— Ocean Winds, the 50/50 offshore joint venture owned by EDP Renewables (EDPR) and Engie, has been awarded by the UK government with a 15-year CfD to sell the energy produced by 294 MW out of the 882-MW wind offshore project Moray West at a price of £37.35/MWh in 2012 prices.
The project is located in the UK, and it is expected to deliver its first power in 2024.
With this transaction, EDPR has now 10.6 GW secured out of the 20 GW target for 2021-2025 announced in EDPR's Capital Markets Day. Additionally, EDPR has now accomplished its target of about 1 GW of offshore capacity secured for 2021-2025.
