Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Moray West Offshore Wind Farm reached Final Investment Decision and financial close after securing £2 billion of non‑recourse project finance, enabling the 882 MW project in the Moray Firth to move into full construction. The financing, supported by primary sponsor Ocean Winds and minority shareholder Ignitis Group and underpinned by CPPAs and a UK AR4 CfD, allows the project to complete its supply chain commitments and offshore installation works.