Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Moray Offshore Windfarm (East) Ltd secured its main revenue support mechanism when the UK Government awarded the 950 MW Moray East project a 15‑year Contract for Difference (CfD) in Allocation Round 2 at a strike price of £57.50/MWh (2012 prices), later indexed to £74.49/MWh in April 2023 nominal terms. The award, made in September 2017, guarantees a stable power price for a portion of the project’s output and underpinned its bankability and subsequent financing.