Moray West Offshore Wind Farm

Name

Moray West Offshore Wind Farm

Legal name

Moray Offshore Windfarm (West) Limited

Website

https://www.moraywest.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Offshore Wind Energy Generation

NAICS

Wind Electric Power Generation (221115)

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 Project Development & Leasing (EUAMACAB), Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE)

Keywords

• Offshore wind power
• Renewable energy generation
• Corporate power purchase
• Wind farm operations
• Grid electricity supply

Headquarters

HQ city

Edinburgh

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D

Revenue model

1. Contract for Difference (CfD): 15-year CfD from UK Government for 294MW of capacity at £37.35/MWh (2012 prices), providing guaranteed floor price for portion of generation output
2. Corporate Power Purchase Agreements (CPPAs): Long-term CPPAs signed with strategic partners for more than 50% of project output - largest contracts of their kind in UK market to date, originated in partnership with ENGIE
3. Electricity Sales to Grid: Merchant exposure for remaining capacity not covered by CfD or CPPAs, selling electricity to National Grid transmission system

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Moray West is an 882MW offshore wind farm located in the Moray Firth, north east Scotland, comprising 60 Siemens Gamesa SG 14-222 DD wind turbines. The project generates renewable electricity exported via subsea cables to the onshore substation at Whitehillock and onto the National Grid transmission system at Blackhillock. It is supported by a dedicated Operations & Maintenance base in Buckie and supplies renewable power to UK electricity consumers and corporate offtakers through Contracts for Difference (CfD) and Corporate Power Purchase Agreements (CPPAs).

Product overview

Moray West Offshore Wind Farm is a single, unified infrastructure project — an 882MW offshore wind farm comprising 60 Siemens Gamesa SG 14-222 DD turbines, two offshore substation platforms, and an onshore substation at Whitehillock. The project operates from a dedicated Operations & Maintenance base in Buckie, Moray. The wind farm generates renewable electricity for the UK grid, powering approximately 1.33 million homes. The portfolio also includes STEM education programs, university partnerships, and scholarship funding for students in the Moray and north Aberdeenshire regions.

Differentiator

Problem solved

Functional benefit

Products and services

• Moray West Offshore Wind Farm An 882MW offshore wind farm located in the Moray Firth, north east Scotland, consisting of 60 Siemens Gamesa SG 14-222 DD turbines with 222m rotor diameter. Generates renewable electricity capable of powering approximately 1.33 million UK homes and saving 1.1 million tonnes of CO2 emissions annually.
• Corporate Power Purchase Agreements (CPPAs) Long-term electricity supply contracts with strategic corporate partners covering over 50% of project output. Originated in partnership with ENGIE, these are the largest CPPA contracts of their kind in the UK market to date.
• Buckie Operations & Maintenance Base A 2,000 m2 O&M facility at Buckie harbour with offices, workshop, warehouse, training facilities, pontoons, cranes, and fuel storage. Supports up to 100 vessel movements per week and is planned to host 60 long-term local roles for ongoing wind farm maintenance.

Quantifiable outcome

• Powers 1.33 million UK homes with renewable electricity
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

16 partnerships are on record, tiered major, core and supporting.

• DEME GroupmajorTechnology or Integration · 20 February 2024DEME Group's Orion vessel joined project for monopile installation, complementing DEME's Apollo vessel focused on transition pieces. Project utilises innovative vibro hammers to minimise noise impact during installation.
• Seaway7 and JDR Cable SystemscoreTechnology or Integration · 8 November 2022Seaway7 managing supply and installation of inter-array cables (IACs) - approximately 125km of 66kV subsea cables connecting turbines to OSPs. JDR supplying cables from Hartlepool facility. Includes interconnector cable between the two OSPs.
• Global Energy GroupcoreTechnology or Integration · 28 September 2022Multi-million pound contract for J-tube frames (37m length, 11m diameter) for OSP foundations. Fabricated at Port of Nigg quayside, supporting 50 local jobs.
• Siemens Gamesa Renewable EnergycoreTechnology or Integration · 23 June 2022Siemens Gamesa awarded firm order for 60 units of SG 14-222 DD offshore wind turbines (14.7MW each with PowerBoost) for 882MW project. All 180 B108 IntegralBlades (108m length) manufactured at Hull factory. Service agreement included. First serial installation globally of Siemens Gamesa 14MW machine.
• Siemens Energy/Iemants ConsortiumcoreTechnology or Integration · 15 December 2021Consortium supplying two offshore substation platforms using Siemens Energy's proven OTM technology. Iemants (Smulders subsidiary) handling assembly and fit-out at Wallsend yard - first UK topside work in years.
• Siemens EnergycoreTechnology or Integration · 14 December 2021Siemens Energy supplying onshore substation at Whitehillock with HVAC equipment, stepping up voltage from 220kV to 400kV. Also part of consortium with Iemants for offshore substations using OTM technology.
• NexanscoreTechnology or Integration · 9 December 2021Nexans supplying onshore and offshore export cables - 220kV HVAC cabling from OSPs to Whitehillock substation, 400kV cables from substation to National Grid at Blackhillock. Project execution supported from Edinburgh office.
• WAB e.V. (German Offshore Wind Cluster)supportingStrategic or Co-development Partner · 24 September 2020Dan Finch signed MoU with WAB on behalf of DeepWind cluster. German cluster organisation for offshore wind.
• Ocean Winds (EDP Renewables and ENGIE Joint Venture)coreStrategic or Co-development Partner · 1 January 2020Ocean Winds is the 50-50 joint venture between EDP Renewables and ENGIE formed in January 2020 specifically for offshore wind development. It is the developer and operator of Moray West, with Ocean Winds holding majority share. Ignitis Group has a minor shareholding in Moray West specifically.
• Global Energy Group / Port of NiggcoreStrategic or Co-development PartnerPort of Nigg selected for wind turbine pre-assembly, installation, and transition piece marshalling. Fabrication of J-tube frames for offshore substations also at Port of Nigg. Supports 50+ local jobs. £120m+ invested in facilities, part of Inverness and Cromarty Firth Green Freeport.
• BoskalismajorTechnology or IntegrationBoskalis installing XXL monopile foundations using Bokalift1 vessel. First monopile installed October 2023. Also involved with OSP installation.
• DeepWind ClustersupportingStrategic or Co-development PartnerCollaboration with DeepWind cluster organisation for supply chain events and procurement webinars. Highlands & Islands Enterprise provides cluster management.
• Moray CouncilcoreStrategic or Co-development PartnerMoray Council as owner of Buckie Harbour leasing quayside and land for O&M base. Partnership for harbour redevelopment including pontoons, cranes, and fuel storage facilities.
• Port of Cromarty FirthmajorStrategic or Co-development PartnerPort of Cromarty Firth in Invergordon used for XXL monopile marshalling. New laydown area and deep-water quayside developed for project. Part of Green Freeport initiative.
• Helix Energy Solutions Group and Balmoral ComtecsupportingTechnology or IntegrationHelix Energy Solutions Group (Aberdeen) responsible for cable trenching. Balmoral Comtec (Aberdeen) supplies cable protection systems for inter-array cables.
• Smulders Projects UKmajorTechnology or IntegrationSmulders yard in Wallsend fabricated the two offshore substation platforms - first UK topside fabrication in several years. Iemants subsidiary handles assembly and fit-out.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Moray East Offshore Wind Farm: Sister project also operated by Ocean Winds in the Moray Firth. 950MW capacity using Siemens Gamesa 7MW turbines; same sponsors, regulatory framework, grid interface (Blackhillock), and operating base profile as Moray West. The most direct comparable.
• Sofia Offshore Wind Farm: 1.32GW UK offshore wind farm on Dogger Bank, developed by RWE Renewables. Comparable as a large-scale UK offshore wind project using monopile foundations, with similar CfD and OFTO arrangements; provides a peer benchmark for next-generation UK offshore wind economics.
• Dogger Bank Wind Farm: 3.6GW UK offshore wind project (A, B, C phases) developed by SSE Renewables and Equinor. Comparable as a UK offshore wind farm also using monopile foundations, with similar revenue mix of CfD plus CPPAs and shared supply chain (Newcastle, Hull).
• Seagreen Wind Energy: 1.1GW Scottish offshore wind farm developed by SSE and Equinor, using Vestas V164-10MW turbines. Comparable Scottish offshore wind asset with similar CfD support and shared marine environment, supply chain, and grid interfaces as Moray West.
• Neart na Gaoithe (NnG) Offshore Wind Farm: 448MW Scottish offshore wind farm developed by EDF Renewables and ESB. Comparable as a UK offshore wind project under CfD support, with similar supply chain partners and project finance structures.
• Triton Knoll Offshore Wind Farm: 857MW UK offshore wind farm developed by RWE Renewables and J-Power, using monopile foundations and Vestas V164-9.5MW turbines. Highly comparable to Moray West in capacity, technology, and CfD-supported revenue model.
• Hornsea Wind Farm: World's largest offshore wind complex (multiple phases, total >5GW) developed by Ørsted off the Yorkshire coast. Comparable as a UK offshore wind project at scale, with similar revenue and operational profile though much larger portfolio scope.
• East Anglia ONE: 714MW UK offshore wind farm developed by ScottishPower Renewables (Iberdrola) off the Suffolk coast. Comparable as a UK offshore wind asset using monopile foundations with similar CfD revenue support.

Broad incumbents

• Ocean Winds (Parent JV): 50-50 joint venture between EDP Renewables and ENGIE for offshore wind development globally. Direct parent of Moray West with 11.2GW gross capacity; relevant as a broader portfolio-level peer with overlapping project economics and supply chain leverage.
• Ørsted: Global leader in offshore wind with extensive UK portfolio (Hornsea, Race Bank, Walney, Gunfleet Sands). Comparable as a broad incumbent offshore wind developer, though operating at much larger scale with diversified geographies and technologies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/moray-west

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Moray West Offshore Wind Farm