Moray East Offshore Wind Farm Closes OFTO Transaction

22/02/24, 3:30 PM

• Moray East Offshore Wind Farm announces that it has completed the transaction to divest its transmission assets.
• Transmission Capital Partners were selected by Ofgem to be the Moray East OFTO through a competitive process

Moray East Offshore Wind Farm (a joint venture between Ocean Winds, Diamond Green Limited and China Three Gorges) announced today that it has concluded the transfer of its transmission assets to Transmission Capital Partners (TCP), a consortium comprising Transmission Investment, Amber Infrastructure and INPP.

Moray East Offshore Wind Farm is located in the Moray Firth in the north east of Scotland and is operated on behalf of the joint venture partners by Ocean Winds from its Fraserburgh Operations & Maintenance Base. Its 100 turbines can produce 950MW of clean energy, enough to power over 1.4 million homes and businesses.

The transmission assets were developed, financed and constructed through a recent period of challenging circumstances by a dedicated Moray East project team and include a 220kV 3-cable connection to the Moray East Wind Farm and the new onshore substation facilities at New Deer in Aberdeenshire. The divestment of transmission infrastructure is mandatory under UK legislation as prescribed by the Offshore Transmission Owner (OFTO) regime. TCP was selected by UK regulator Ofgem through a competitive tender process and will own and operate the transmission infrastructure for a revenue period of 23 years.

Paul Cavanagh, Moray East Asset Director said:

“We are pleased to conclude the transaction of the transmission assets for the Moray East project, closing out the development phase and allowing the project to continue to focus on generating clean renewable power for generations to come.”

Moray East Key Facts

• Consent for construction of up to 1,116MW granted in 2016
• CfD for 950MW awarded in 2017
• Connection to National Grid at a new substation to be constructed at New Deer in Aberdeenshire via underground cable (planning permission granted by Aberdeenshire Council in 2014)
• Total underground export cable corridor route 86km (52km offshore and 34km onshore)
• Total wind farm Area – 295km2
• Maximum turbine blade-tip height – 204m (669 feet)
• Minimum distance from shore – 22km (13.5 miles).

• 40%

  Of Scotland's electricity will be provided

• 1.7

  Million tonnes of CO2 emissions saved every year

• 1.43

  Million homes throughout the UK could be powered

• 500

  Kilometers of cabling will be installed across the site