SponsorsOf Moray West
Moray West is principally owned by Ocean Winds (OW), a 50:50 joint venture between ENGIE and EDP Renewables. A small minority stake is held by UAB Ignitis renewables.
Both companies of the OW joint venture believe that offshore wind energy is becoming an essential part of the global energy transition, leading to the sector’s rapid growth and increased competitiveness. That is why they have included all their existing and pipeline offshore portfolio in the company. OW has a strategic advantage and is well positioned to play a leading role in the offshore market. OW primarily targets markets in Europe, the United States and selected geographies in Asia, from where most of the growth is expected to come.
About
Ocean Winds
Born out of a strategic alliance between EDP Renewables and ENGIE, Ocean Winds develops, finances, builds and operates offshore wind farms all over the world. Ocean Winds increases its gross capacity day by day generating clean energy for millions of homes and reducing greenhouse gas emissions. Ocean Winds is taking offshore wind power generation to its full potential, leading the global energy transition into a greener future.
About
Ignitis Renewables
Iginitis Renewables is an international green energy company operating in the Baltics and Poland. Inigitis Renewables focuses on developing green generation and green flexibility technologies.
By developing onshore and offshore wind, solar, battery and power-to-X technologies, Ignitis Renewables is on its way to deliver 4–5 GW of installed green capacities by 2030.