Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • U.S. offshore wind projects
    • Digital issues
    • Podcasts
    • Suppliers
    • Wind Power Videos
    • Wind Power Events
  • Webinars
  • Videos
  • Subscribe
    • Enewsletter Subscription
    • Magazine Subscription
  • About Us
  • 2022 Leadership in Wind
    • 2021 Winners
    • 2020 Winners
    • 2019 Winners

EDP Renewables and ENGIE Awarded 950-MW Offshore Wind Contract

By Michelle Froese | September 11, 2017

EDP Renewables, (EDPR) and ENGIE have announced that the Moray Offshore Wind farm (East), a joint venture company currently owned by EDPR (77%) and ENGIE (23%), has been awarded a 15-year Contract for Difference (CfD) for the delivery of 950-MW of offshore wind generation at £57.50/MWh ($75.79 USD/MWh).

The contract was awarded by the UK’s Department for Business, Energy & Industrial Strategy (BEIS) following its latest CfD auction.

EDP Renewables & ENGIE

EDP Renewables and ENGIE have won a 950-MW contract in the UK. Completion and the commencement of the commercial operation is expected in 2022.

“With this announcement, EDP Renewables increases its growth options in offshore wind in an attractive market, thereby enhancing and diversifying the company’s long-term profitable growth options while maintaining a balanced risk profile,” said, João Manso Neto, CEO of EDPR.

EDPR and ENGIE are jointly developing the project, which is located off the north-east coast of Scotland. Upon conclusion of the development phase and the selection of all partners and suppliers for the different stages of construction and operation, the project would then move towards the construction phase. Completion and the commencement of the commercial operation is expected in 2022. 

EDPR’s sustained commitment to the UK offshore wind market through Electricity Market Reform and the transition to CfD auctions has enabled dramatic cost reduction from £150/MWh ($197.72 USD/MWh) in 2014 to £57.50/MWh ($75.79 USD/MWh).

“This auction has demonstrated the real progress in cost reduction and our result shows how affordable offshore wind can be compared to other technologies, including new thermal generation,” Manso Neto added. “The UK needs more low carbon generating infrastructure to maintain the security of supply for an increasingly uncertain future. EDPR has demonstrated what can be done at this site. It is in the UK’s interests to enable us to continue this achievement at other sites.”

“Moray East’s success in this auction will enable us to bring a high-quality, high-value offshore wind project to the UK, and I would like to thank all of the organizations, individuals, and communities with an interest in the Moray Firth with whom we have worked to reach this vital milestone,” stated Dan Finch, Managing Director of Moray Offshore Renewables.

Finch added: “Moray East also brings major economic opportunities to our supply chain. Innovation and co-operation have enabled the cost reduction which ensured success in this auction. Electricity from Moray East will be produced at the lowest cost of any offshore wind farm around the UK, with exceptional benefits to consumers.”


Filed Under: News, Offshore wind, Projects
Tagged With: edprenewables
 

About The Author

Michelle Froese

Tell Us What You Think!

Related Articles Read More >

GE unveils 3-MW onshore turbine built for North American market
TotalEnergies developing 1-GW offshore wind farm off Carolina coast
NRG Systems adopts ZX Lidars’ latest wind profile measurement tool
Acciona celebrates 10 years of operation at Oklahoma’s Dempsey Ridge Wind Farm

Podcasts

Wind Spotlight Interview: RAD Torque Systems
See More >

Windpower Engineering & Development Digital Edition

Digital Edition

Browse the most current issue of Windpower Engineering & Development and back issues in an easy to use high quality format. Clip, share and download with the leading wind power engineering magazine today.

Windpower Engineering & Development
  • Wind Articles
  • Solar Power World
  • Battery Power Tips
  • Subscribe to Windpower Engineering
  • Advertising
  • About Us/Contact Us

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • U.S. offshore wind projects
    • Digital issues
    • Podcasts
    • Suppliers
    • Wind Power Videos
    • Wind Power Events
  • Webinars
  • Videos
  • Subscribe
    • Enewsletter Subscription
    • Magazine Subscription
  • About Us
  • 2022 Leadership in Wind
    • 2021 Winners
    • 2020 Winners
    • 2019 Winners