Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 3 March 2026, Ocean Winds signed an Agreement for Lease with The Crown Estate for its 1.5 GW floating offshore wind project in the Celtic Sea, formally executing the seabed lease for PDA 2. The agreement, signed by the Ocean Winds JV (EDPR and ENGIE) and The Crown Estate, covers a 358 km² site in 71–88 metre water depths straddling Welsh and English waters and allows Ocean Winds to commence early-stage development, including detailed design, site surveys, EIA work, public engagement and consent applications.