Nicholas Hilder on Muck Rack

Nicholas Hilder

United States
As seen in: Ashurst
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Ashurst advises on £2 billion financing for Moray West offshore wind farm

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By David Wadham, Nicholas Hilder
| Ashurst
Moray West is the first UK offshore wind farm to rely on corporate power purchase agreements (CPPAs) for the commercialisation of the majority of its output. CPPAs were signed with long-term strategic partners for more than 50% of the project’s output. A Contract for Difference (CfD) was secured for a third of the installed capacity in the UK Allocation Round 4 (AR4) to commercialise the remainder of the project’s output. Moray West is the first CfD AR4 offshore project to reach financial close.
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