Moray East offshore wind farm
Moray East is a 950MW UK offshore wind farm in the outer Moray Firth, operating 100 Vestas turbines under a 15-year government-backed CfD. It supplies renewable electricity to the National Grid, powering over 1 million homes and is owned by Ocean Winds, Diamond Green Limited, and China Three Gorges.
- Company typePrivate
- Founded2010
- HeadquartersEdinburgh, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Moray East offshore wind farm does
Moray East is a 950MW offshore wind farm located in the outer Moray Firth, approximately 22km off the northeast coast of Scotland, consisting of 100 Vestas V164-9.5MW turbines installed in water depths of around 50m on three-legged steel jacket foundations. The asset is supported by three offshore substation platforms (transforming 66kV to 220kV), three offshore export cables totalling roughly 185km, an 86km cable corridor, and an onshore substation at New Deer, Aberdeenshire, connecting to the National Grid. The transmission infrastructure (OFTO) was divested to Transmission Capital Partners in February 2024 under a 23-year Ofgem-regulated contract.
Moray East is a private UK limited company (Moray Offshore Windfarm (East) Limited), jointly owned by Ocean Winds (56.6%), Diamond Green Limited (33.4%, itself backed by Inpex, Kansai Electric Power, and Mitsubishi), and China Three Gorges (10%). Ocean Winds, the 50/50 EDP/ENGIE joint venture, leads development and operates the wind farm from a dedicated O&M base at Fraserburgh Harbour. Development rights were secured in 2010 through Crown Estate Scotland's Round 3 seabed leasing, planning consent was awarded in 2014, and the project reached financial close in December 2018 with £2.6 billion of project finance. Construction ran from 2019 through 2021, with first power exported to the grid in June 2021 and all 100 turbines installed by September 2021.
Revenue is generated under a 15-year Contract for Difference (CfD) awarded by the UK Government in September 2017 at a strike price of £57.50/MWhr in 2012 prices — at the time, the lowest of any new renewable generation in the UK, approximately two-thirds less than incumbent offshore wind farms. The asset is designed to power over one million UK homes and abate 1.7 million tonnes of CO2 annually. Moray East's customer base is effectively a single off-taker (National Grid) within a regulated utility framework, with no meaningful churn risk during the CfD term.
Moray East offshore wind farm firmographics
Firmographics- Name
- Moray East offshore wind farm
- Legal name
- Moray Offshore Windfarm (East) Limited
- Website
- https://morayeast.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Moray East is a 950MW UK offshore wind farm in the outer Moray Firth, operating 100 Vestas turbines under a 15-year government-backed CfD. It supplies renewable electricity to the National Grid, powering over 1 million homes and is owned by Ocean Winds, Diamond Green Limited, and China Three Gorges.
- Ownership category
- akta.pro rank
Moray East offshore wind farm industry classification
Industry- Product category
- Offshore Wind Energy Generation
- NAICS
- Wind Electric Power Generation (221115), Electric Power Generation, Transmission and Distribution (2211)
- akta.pro primary industry
- Offshore Wind Power Generation (Fixed-Bottom) (EUACAFAB)
- akta.pro secondary industries
- Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF), Offshore Wind Substructures & Marine Engineering (Monopiles, Jackets, Floating) (EUAMACAE), Wind Grid Interconnection & Power Systems (Transformers, Reactive Power, SCADA) (EUAMACAK)
Keywords
Where Moray East offshore wind farm is headquartered
LocationHeadquarters
- HQ city
- Edinburgh
- HQ country
- United Kingdom
- HQ region
- Europe
Offices4 records
Markets served
Moray East offshore wind farm business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D
Revenue model
- Contract for Difference (CfD) Revenue: Moray East generates revenue by selling electricity to the National Grid under a 15-year Contract for Difference (CfD) awarded in September 2017. The CfD guarantees a strike price of £57.50/MWhr (in 2012 prices), providing revenue certainty for the project. This is a fixed-price long-term contract, not consumption-based.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Contract for Difference (CfD) - 15-year government guaranteed electricity price |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Moray East offshore wind farm product offering
Product offeringCore offering
Moray East operates a 950MW offshore wind farm in the outer Moray Firth, approximately 22km off the northeast coast of Scotland, comprising 100 Vestas V164-9.5MW turbines installed on jacket foundations in 50m water depth. The generated electricity is stepped up at three offshore substations and transmitted via export cables to the onshore New Deer substation, where it enters the National Grid under a 15-year Contract for Difference at £57.50/MWhr.
Product overview
Moray East is a single offshore wind farm project - not a platform with multiple modules - consisting of 100 Vestas V164-9.5MW turbines (total capacity 950MW) with three offshore substation platforms and associated transmission infrastructure. The project is operated and maintained by Ocean Winds from Fraserburgh Harbour. Core components include the turbine array, three offshore substation platforms (transforming 66kV to 220kV), and a transmission system connecting to the National Grid via an underground cable corridor to New Deer substation. Additional services include supply chain registration and operational/maintenance services provided from the project's Fraserburgh base.
Differentiator
Problem solved
Functional benefit
Products and services
- Moray East Offshore Wind Farm (950MW) 950MW offshore wind farm located in the outer Moray Firth approximately 22km off the northeast coast of Scotland, comprising 100 Vestas V164-9.5MW turbines and three offshore substations, generating renewable electricity injected into the National Grid. Capable of meeting the average electricity needs of over 1 million UK homes.
- Operations and Maintenance Services Ongoing operations and maintenance services delivered by Ocean Winds from a purpose-built base on Fraserburgh Harbour, covering performance monitoring, preventive maintenance, and emergency response coordination for the 100 turbines and three offshore substations.
- Supply Chain Registration Portal Supplier registration portal operated via Ocean Winds, enabling companies to register for consideration in Moray East's ongoing operational and maintenance supply chain.
Quantifiable outcome
- Cuts the cost of offshore generation from £140/MWhr to £57.50/MWhr - a reduction of almost two thirds
- +2 more outcomes
Companies that use Moray East offshore wind farm
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Moray East offshore wind farm technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
Moray East offshore wind farm partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, flagship, key contractor and supporting.
- Transmission Capital Partners (TCP)coreTCP consortium (Transmission Investment, Amber Infrastructure, INPP) was selected by Ofgem through competitive tender to own and operate the OFTO transmission infrastructure for 23 years. This is mandatory under UK legislation for offshore transmission assets.
- Ocean WindsflagshipOcean Winds (a joint venture between EDP and ENGIE) led the development of Moray East and currently operates and maintains the wind farm from Fraserburgh Harbour. Ocean Winds holds 56.6% of the project consortium.
- DEME Offshorekey contractorDEME Offshore was responsible for installing the pin piles, jackets, and offshore substation platforms. Used jack-up vessel 'Apollo' and later 'Seajacks Scylla' for installation works.
- Siemenskey contractorSiemens was the lead contractor for designing and manufacturing the offshore substation platform containers and electrical infrastructure. Also responsible for the onshore substation at New Deer and export cables.
- Vestaskey contractorVestas supplied and installed the 100 V164-9.5MW turbines. Turbine components were pre-assembled at Port of Nigg before offshore installation.
- NKTkey contractorNKT manufactured approximately 185km of 220kV AC offshore export cables and installed them using the cable-laying vessel 'Victoria'.
- Global Energy (Port of Nigg)key contractorGlobal Energy's facility at Port of Nigg served as the onshore marshalling port for turbine components, jackets, and pre-assembly operations.
- Smulderskey contractorSmulders fabricated the 55 lower jacket sections in Newcastle and mated them with upper sections from continental Europe at their Wallsend facility.
- Port of Cromarty FirthsupportingPort of Cromarty Firth served as the intermediate port during construction. Included over £1m storage deal for piles and piling template, plus £10m contract for turbine component storage.
Scale indicators10 records
Recent moves8 records
Expansion highlights4 records
Moray East offshore wind farm competitors and assessment
Company assessmentBroad incumbents
- Ørsted: Global offshore wind leader operating Hornsea, Borssele, and many other large wind farms; broad incumbent in the same industry space with overlapping UK footprint.
- RWE Renewables: Operates Sofia, Triton Knoll, Greater Gabbard and a global offshore/onshore wind portfolio; broader incumbent with comparable UK offshore wind assets.
Direct peers
- East Anglia ONE: 714MW UK offshore wind farm operated by ScottishPower Renewables (Iberdrola); comparable as a CfD-supported UK offshore wind farm of similar vintage.
- Hornsea 2: 1,320MW UK offshore wind farm operated by Ørsted, adjacent to Hornsea 1; comparable scale, CfD structure, and grid connection model.
- Greater Gabbard: 504MW UK offshore wind farm jointly owned by SSE and RWE; comparable as a UK operational offshore wind asset feeding into National Grid.
- Hornsea 1: 1,218MW UK offshore wind farm operated by Ørsted; directly comparable as a large-scale UK offshore wind asset with CfD support and National Grid connection.
- Sofia Offshore Wind Farm: 1,400MW RWE-operated offshore wind farm on Dogger Bank with a CfD; directly comparable as a large, recently-built UK offshore wind asset with 15-year revenue support.
- Equinor (Hywind Scotland): Equinor's Hywind Scotland is a UK offshore wind asset (pilot floating); comparable as a UK offshore wind operator, although smaller and floating rather than fixed-bottom.
- Moray West Offshore Wind Farm: Sister project also developed and operated by Ocean Winds in the adjacent Moray Firth zone. Closest comparable by geography, ownership structure, and supply chain footprint.
- Triton Knoll Offshore Wind Farm: 857MW RWE/Statkraft UK offshore wind farm with CfD support; comparable in scale (~near 950MW), technology mix, and UK regulatory framework.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Moray East offshore wind farm social profiles
Digital presenceMoray East offshore wind farm financial estimates
Financial estimateRevenue estimate
Valuation estimate
Moray East offshore wind farm leadership team
Management profileNumber of profiles
Profiles6 records
Moray East offshore wind farm funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Moray East offshore wind farm M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Moray East offshore wind farm
What does Moray East offshore wind farm do?
Moray East operates a 950MW offshore wind farm in the outer Moray Firth, approximately 22km off the northeast coast of Scotland, comprising 100 Vestas V164-9.5MW turbines installed on jacket foundations in 50m water depth. The generated electricity is stepped up at three offshore substations and transmitted via export cables to the onshore New Deer substation, where it enters the National Grid under a 15-year Contract for Difference at £57.50/MWhr.
Is Moray East offshore wind farm a public or private company?
Moray East offshore wind farm is a private company. It is classified as corporate owned and is currently operating.
When was Moray East offshore wind farm founded?
Moray East offshore wind farm was founded in 2010. It employs 101 to 250 people.
Where is Moray East offshore wind farm based?
Moray East offshore wind farm is headquartered in Edinburgh, United Kingdom, in the Europe region.
How does Moray East offshore wind farm make money?
One revenue line is on record: contract for Difference (CfD) Revenue.
Who are Moray East offshore wind farm's main competitors?
Broad incumbents on record are Ørsted and RWE Renewables. Direct peers are East Anglia ONE, Hornsea 2, Greater Gabbard, Hornsea 1, Sofia Offshore Wind Farm, Equinor (Hywind Scotland), Moray West Offshore Wind Farm and Triton Knoll Offshore Wind Farm.
Does Moray East offshore wind farm have an API?
No public API is recorded for Moray East offshore wind farm.
What industry is Moray East offshore wind farm in?
Moray East offshore wind farm's product category is Offshore Wind Energy Generation. Its primary akta.pro industry code is EUACAFAB, Offshore Wind Power Generation (Fixed-Bottom), with a secondary code of EUACAFAF, Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations). Its NAICS code is 221115.