Fid Financial Close

Project documents for the Morgan Offshore Wind Project set out an indicative programme in which the Final Investment Decision (FID) is targeted for 2026. Morgan Offshore Wind Limited, a joint venture between bp and EnBW Energie Baden‑Württemberg AG, is developing the project alongside the neighbouring Morecambe Offshore Windfarm, and their materials present a coordinated timeline for the generation and associated transmission assets. The timeline, explicitly labelled as indicative and subject to change, lists “2026 – Expected Final Investment Decision” as a key milestone, following earlier development and consenting steps. According to the same sources, the developers plan to submit separate Development Consent Order (DCO) applications for the Morgan and Morecambe generation assets and associated licences in Q2/Q3 2024, with a decision by the Secretary of State for Energy Security and Net Zero expected before the end of 2025. The FID in 2026 is therefore positioned as contingent on successful consents and forms the financial green light enabling construction to proceed. Downstream of FID, the programme foresees the start of construction in 2026/2027 and an expected start of commercial operations in 2028/29 at the earliest. This sequencing underscores the role of the 2026 FID as the central financial commitment point in the overall project schedule, linking regulatory clearance with subsequent build-out and operation.