- Published: 02 October 2023 02 October 2023
Ocean Winds, created as a 50-50 joint venture by EDP Renewables and Engie, announces the sale of a 16.6% of its majority stake in its operating Moray East Offshore Wind Farm, to Equitix. Equitix is an international investor, developer, and fund manager of core infrastructure assets.
Ocean Winds will continue to manage the daily operations of the Moray East project from its Operations and Maintenance base in Fraserburgh. Moray Offshore Windfarm East Ltd (MOWEL), is a joint venture company that post the transaction will be owned by Ocean Winds (40%) Diamond Green Limited (33.4%), Equitix (16.6%) and CTG (10%).