Fid Financial Close

The Morven offshore wind project, a 2.9GW development located around 60km off the coast of Aberdeen, is targeting a Final Investment Decision (FID) in 2027. Developer material produced by bp and EnBW for the Morven project sets out a dedicated project timeline that includes an “Expected Final Investment Decision (FID)” milestone, shown alongside the commencement of construction within the overall sequence of consents, a Contracts for Difference (CfD) auction for power offtake, first grid connection and eventual Commercial Operation Date (COD). The same material confirms Morven’s role within a broader bp/EnBW UK offshore wind portfolio, with Morven contributing to a combined 5.9GW of capacity across Morgan, Mona and Morven, sufficient to power around six million UK households with clean electricity. [1] An industry article on Interocean Marine Services’ three‑year marine vetting contract for the Morgan, Mona and Morven projects further indicates that, for this bp/EnBW UK offshore wind portfolio, the CfD auction for power offtake is planned to conclude in 2025 and that a final investment decision is expected by 2027, followed by first grid connection for power export and commissioning of offshore substations in 2028 and the start of commercial operations in 2029. [2] Taken together, these sources show that Morven’s FID is a planned, not yet achieved, milestone aligned with the 2027 timeframe, acting as the financial gateway to full‑scale construction and grid‑connected operation within the coordinated offshore network that will link Morven into the UK transmission system.