Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
DELAYED +2yr (Apr 2026): Latest official Round 5 update indicates a later operational window: The Crown Estate (10 Nov 2025) says Equinor’s and Gwynt Glas’s Round 5 floating wind farms ‘could be operational by the mid‑2030’s’ after surveys/EIA/consents. A 2035-01-01 COD is inconsistent with a ‘mid‑2030s’ range; moving COD to end‑2036 to align with this official wording and typical end-of-period storage convention. --- Following award of seabed rights and entry into lease agreements under The Crown Estate’s Offshore Wind Leasing Round 5, Equinor’s Celtic Sea PDA 1 floating wind farm is planned to be fully operational and in commercial service in the mid-2030s, subject to permitting and development progress.