Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In 2018, Kincardine Offshore Windfarm Limited (KOWL) secured a long-term Power Purchase Agreement (PPA) with Statkraft, under which Statkraft will purchase 100% of the electricity generated by the 50 MW Kincardine floating offshore wind farm at a guaranteed minimum price per MWh until 2029, providing long-term revenue certainty and supporting project bankability.