The 950MW Moray East offshore wind farm will generate power at £57.50/MWhr – or 5.75p/kWhr – which is less than half the price of power generated by offshore wind farms under construction today.
In 2017 Moray East was a successful participant in the UK’s second ‘Contract for Difference’ (CfD) auction. The CfD sets the price which will be paid for power generated for a period of 15 years. Eligible projects were invited to bid, with contracts awarded to projects on the basis of those which could offer the lowest price for power.
Moray East represents a step-change in the delivery of renewable power in terms of cost and scale. The project will provide an abundant supply of low-carbon electricity at a highly competitive price. Since Moray East uses the UK’s own indigenous renewable natural resource of wind, the power generated does not depend on the import fossil fuels such as coal or gas, of thus improving the UK’s security of supply as well as driving down costs for consumers.
Construction on the project started in winter 2018, with commencement of the onshore works. Updates will be provided here as work progresses.
Moray East represents a step-change in the delivery of renewable power in terms of cost and scale. The project provides an abundant supply of low-carbon electricity at a highly competitive price. Since Moray East uses the UK’s own indigenous renewable natural resource of wind, the power generated does not depend on the import fossil fuels such as coal or gas, thus improving the UK’s security of supply as well as driving down costs for consumers.