Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 28 November 2018, Moray East signed project financing agreements with a syndicate of commercial banks together with export credit support from EKF, Denmark’s Export Credit Agency, and the Japan Bank for International Cooperation (JBIC), providing long‑term debt facilities and an equity bridge loan to fund construction of the 950 MW offshore wind farm. This package of commercial and public export credit backing constituted the formal award of capital support necessary to move the project into full financing and construction.