Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Moray East reached Final Investment Decision in June 2018 and subsequently achieved project financial close on 6 December 2018, enabling construction of the 950 MW offshore wind farm to proceed. The financing structure comprised approximately £2.6 billion of project finance, including a £2.1 billion senior debt facility and £0.5 billion of additional debt plus an equity bridge loan, backed by a consortium of commercial banks alongside EKF and JBIC.