The U.K. government has awarded Ocean Winds, the 50/50 offshore wind joint venture owned by EDP Renewables and ENGIE, a 15-year CFD (contract for differences) to sell the energy produced by 294 MW out of the 882 MW wind offshore project Moray West. The sale price will be £37.35 MW/h in 2012 prices.
The project is in the U.K., and it is expected to deliver its first power in 2024.
With this transaction, EDP Renewables now has 10.6 GW secured out of the 20-GW target for 2021-2025 recently announced in the company’s Capital Markets Day. Additionally, EDP Renewables has now accomplished its target of about 1 GW of offshore capacity secured for 2021-2025.
More info www.edpr.com/en