Ignitis Grup? (IGN1L.VS) said Friday that its Moray West offshore wind project in Scotland reached financial close.
The 882-megawatt project, which includes 60 14-MW wind turbines supplied by Siemens Gamesa Renewable Energy, is expected to start commercial operations by 2025.
The financial close allows the project to move to secure the remaining elements of the supply chain activity in preparation for offshore installation works in late 2023.
Grzegorz Gorski, Chief Operating Officer for Ocean Winds, said that Moray West represents the second secured project finance in their portfolio of projects for 2023 and highlighted their commitment to providing clean energy to consumers and companies.