Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
By the time of financial close, Moray West had secured corporate power purchase agreements (CPPAs) with long‑term strategic partners for more than 50% of the wind farm’s output, making it the first UK offshore wind project to rely predominantly on CPPAs for commercialisation. These CPPAs, originated in partnership with ENGIE, formed a major part of the project’s contracted revenue stack alongside its AR4 CfD.