Moray East Signs Conditional Agreement with MHI Vestas Offshore Wind

Edinburgh, Scotland - Following the announcement in October 2017 of the selection of MHI Vestas as preferred turbine supplier for the Moray East offshore wind project, Moray East has signed a conditional agreement with MHI Vestas Offshore Wind for the supply and installation of 100 MHI Vestas V164-9.5 MW offshore wind turbine generators.

Moray Offshore Windfarm (East) Limited (Moray East) is a 950 MW offshore wind project 22km from the coast of Scotland, which in 2017 won a Contract for Difference (CfD) from the UK Government to supply electricity at £57.50/MWhr, representing a significant cost reduction compared with similar projects under construction today (typically £140/MWhr). In May, Moray East announced Fraserburgh as the preferred Operations and Maintenance port for the project.

“With this conditional agreement, we are exceptionally pleased to see Moray East move one step closer to Final Investment Decision. The supply of 100 units of our V164-9.5 MW turbines, the most powerful commercially available turbine in the world, is confirming MHI Vestas Offshore Wind’s strong UK pipeline. We look forward to working together with the Moray East project to maximise its potential for the local area”, MHI Vestas CEO, Philippe Kavafyan, said.

About MHI Vestas Offshore Wind

MHI Vestas Offshore Wind is a joint venture between Vestas Wind Systems A/S 50% and Mitsubishi Heavy Industries (MHI) 50%. The company’s focus is to design, manufacture, install and service wind turbines for the offshore wind industry. The company aims to create sustainable value through offshore wind power by driving capital and operating savings and increasing the power output of wind turbines. An innovative force in offshore wind since its inception in 2014, the company is guided by its founding principles of collaboration, trust, technology and commitment.

Source: IWR Online, 27 Aug 2018