China Three Gorges Europe completes purchase of 10% stakes in 950 MW Moray East offshore wind farm

China Three Gorges Europe has completed the purchase of a 10% stakes in the 950 MW Moray East offshore wind project from EDP Renovaveis. 

The offshore wind farm is located in the North Sea, 22 km off the Aberdeenshire coast of Scotland, UK. The project features 100 units of the V164-9.5MW turbine that generates enough power for nearly one million UK households. The project uses offshore transformer modules which transform the output of the wind turbines from 66 kilovolts (kV) to the transmission voltage of 220 kV, as well as the onshore station which transforms the electricity into 275 kV for feeding it into the national transmission grid. The project also has a complete onshore substation including 3 SVC Plus as well as the 3 offshore substation platform topsides.

With the transaction, EDP Renovaveis will remain the largest stakeholder at 33.33% followed by Engie (23.3%), DGE Ltd (16.7%), Kansai Electric Power Co. (10.02%), CTG EU (10%) and Mitsubishi UFJ Lease & Finance (6.68%).