Ocean Winds, a 50-50 three way partnership by EDP Renewables and ENGIE, has offered 16.6 per cent of its majority stake within the Moray East offshore wind farm to Equitix. In keeping with Ocean Winds, the sale will assist the corporate’s investments in its extra 5 GW of offshore wind tasks in Scotland.
Following the transaction, Ocean Winds will maintain a 40 per cent stake within the 950 MW Scottish offshore wind farm, Diamond Inexperienced Restricted 33.4 per cent, Equitix 16.6 per cent, and China Three Gorges Company (CTG) 10 per cent.
The developer will proceed to handle the each day operations of the offshore wind farm from its operations and upkeep (O&M) base in Fraserburgh.
Moray East, positioned some 22 kilometres off Aberdeenshire, includes 100 Vestas V164-9.5MW wind generators which were in operation for the reason that starting of final 12 months.
In Scotland, Ocean Winds is behind three extra offshore wind tasks, together with the 882 MW Moray West offshore wind farm on which offshore development has simply began.
The corporate can also be growing the two GW Caledonia offshore wind farm, additionally within the Moray Firth, which is deliberate to make use of each fixed-bottom and floating foundations, and the two.3 GW floating wind challenge Arven, proposed to be constructed east of Shetland Islands.
“Ocean Winds is resolute in our dedication to delivering on our guarantees of growth of offshore wind power in the UK and this may enable us to maintain on investing within the area. With the continued development of Moray West and the event of the Caledonia challenge, Ocean Winds is multiplying the capability of the Moray Firth area to generate near 4 GW of fresh power from offshore wind and unlocking key alternatives for provide chain and native communities”, says Adam Morrison, Ocean Winds’ Nation Supervisor for the UK.
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