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Home›Business & Finance›Ocean Winds Closes Moray East Minority Stake Deal
Business & Finance

May 10, 2024 · about 2 years ago

Ocean Winds Closes Moray East Minority Stake Deal

EDP Renováveis, S.A. has revealed that Ocean Winds, its joint venture with Engie, has completed the sale of a 16.6 per cent stake in the 950 MW Moray East offshore wind farm to funds managed by Equitix Infrastructure Investment Management (Equitix). With this transaction, Moray East implies an estim

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A photo of the Moray East offshore wind farm in Scotland

In Scotland, Ocean Winds is developing three more offshore wind projects, including the 882 MW Moray West offshore wind farm .

The company is also developing the 2 GW Caledonia offshore wind farm, also in the Moray Firth, which is planned to use both fixed-bottom and floating foundations, and the 2.3 GW floating wind project Arven, proposed to be built east of Shetland Islands.

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