EDPR to sell 23% of 1.12-GW Moray offshore wind project
Engie has announced it has agreed to acquire a 23% stake in Moray Offshore Windfarm (East) Limited (MOWEL) from EDPR UK Limited, an EDP Renováveis S.A subsidiary.
The total consideration of the transaction has reached £21 million (US$27 million).
Engie has been a partner of EDPR in offshore projects in France and floating projects in Portugal and France and will now participate in the investment, development and operation of the 1,116 MW Moray wind offshore project, located in the North Sea off the coast of Scotland.
In January 2010, MOWEL was awarded the right, under a farm leasing programme conducted by The Crown Estate, to develop offshore wind energy in Zone 1 of the Third Offshore Wind Licensing Round, and in March 2014 was granted consent by the Scottish government for up to 1,116 MW offshore wind development.
The project involves the development of Telford, Stevenson and MacColl offshore wind farms, which are planned for construction 14 miles (22km) from the Caithness coastline.
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