Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 14 January 2026, the Pentland Floating Offshore Wind Farm secured a UK Contract for Difference (CfD) in Allocation Round 7, providing revenue certainty for 92.5 MW of floating offshore wind capacity at a strike price of about £216.5/MWh (2024 prices). The award, announced by Copenhagen Offshore Partners and reported by multiple outlets, is described as a major milestone that will enable the project to progress towards a final investment decision in 2027 and target the start of operations around 2030.