Moray East Signs Conditional Agreement with MHI Vestas Offshore Wind

Edinburgh, August 21, 2018

Following the announcement in October 2017 of the selection of MHI Vestas as preferred turbine supplier for the Moray East offshore wind project, Moray East has today signed a conditional agreement with MHI Vestas Offshore Wind for the supply and installation of 100 MHI Vestas V164-9.5 MW offshore wind turbine generators.

Moray Offshore Windfarm (East) Limited, known as Moray East, is a 950 MW offshore wind project 22km from the coast of Scotland, which in 2017 won a Contract for Difference (CfD) from the UK Government to supply electricity at £57.50/MWhr, representing a significant cost reduction compared with similar projects under construction today (typically £140/MWhr).

In May, Moray East announced Fraserburgh as the preferred Operations and Maintenance port for the project.

Project Director for Moray East, Oscar Diaz, said, “This agreement comes after the selection of MHI Vestas as preferred turbine supplier, and Fraserburgh as preferred port from which operation and maintenance of the turbines will be undertaken. I am grateful for the co-operation with our partners in industry and beyond which will enable the project to reach another important milestone.”

MHI Vestas CEO, Philippe Kavafyan, said, “With this conditional agreement, we are exceptionally pleased to see Moray East move one step closer to Final Investment Decision. The supply of 100 units of our V164-9.5 MW turbines, the most powerful commercially available turbine in the world, is confirming MHI Vestas Offshore Wind’s strong UK pipeline. This translates into clean energy jobs locally and across the UK through our production of blades on the Isle of Wight and the local offshore wind supply chain. We look forward to working together with the Moray East project to maximise its potential for the local area.”

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For further information contact:
Michael Morris
MHI Vestas Offshore Wind
T: +45 8844 8950
mijmo@mhivestasoffshore.com

About MHI Vestas Offshore Wind
MHI Vestas Offshore Wind is a joint venture between Vestas Wind Systems A/S 50% and Mitsubishi Heavy Industries (MHI) 50%. The company’s focus is to design, manufacture, install and service wind turbines for the offshore wind industry. The company aims to create sustainable value through offshore wind power by driving capital and operating savings and increasing the power output of wind turbines. An innovative force in offshore wind since its inception in 2014, the company is guided by its founding principles of collaboration, trust, technology and commitment. For more information, see www.mhivestasoffshore.com or follow @MHIVestas on Twitter.

About Moray East Offshore Windfarm Limited
Moray Offshore Windfarm East is a joint venture company owned by EDP Renewables (57pc) and ENGIE (23pc) and Diamond Generating Europe Limited (DGE) (20pc). In 2017, the project was awarded a £57.50/MWhr contract for Difference (CfD) by the UK Government.

Project Timeline
2010 – project development commenced when development rights were won in the UK’s 3rd round of offshore wind licencing. The Moray Firth Zone (Zone 1) was split into two, to enable Moray East to be developed ahead of Moray West, as there were constraints in the west of the zone.  (Constraints in the west eased, and development of Moray West commenced in 2016)
2014 – planning consent was awarded by the Scottish Government (offshore works) and Aberdeenshire Council (onshore works)
2017 – A 950 MW Contract for Difference (CfD) was won in the UK Government’s 2nd competitive CfD auction.  The CfD provides a contract for electricity for 15 years at £57.50/MWhr

Project Statistics
– Capacity: 950 MW
– Location: UK, 22km from North East coast
– Turbines: V164–9.5 MW
– Power for average requirements of ca. 950, 000 UK homes

2018-08-21T10:58:53+00:00