Engie has entered the UK’s offshore wind energy market with a deal to buy a 23 per cent stake in the Moray East project in Scotland.
Engie has entered the UK’s offshore wind energy market with a deal to buy a 23 per cent stake in the Moray East project in Scotland.
The French energy giant has purchased the stake from EDP Renewables (EDPR) for £21 million and will participate in the development and operation of the 1.1 GW project.
EDPR and Engie are already partnering in the development of offshore wind energy projects in France and Portugal, including floating offshore wind projects.
The Moray East project comprises three proposed offshore wind farms located off the Caithness coast. The projects were granted development consent in March 2014 and are expected to participate in the UK’s CFD tender process.