Ocean Winds is awarded with exclusive rights to develop around 1 GW offshore wind project in Scotland
Madrid, January 17th 2022: EDP Renováveis, S.A. ("EDPR") is pleased to announce that Ocean Winds, the offshore JV owned by EDPR (50%) and Engie (50%), was awarded with block NE4 by the Crown Estate Scotland ("CES") in the ScotWind seabed tender.
Ocean Winds was awarded exclusive rights to develop a bottom-fixed offshore wind project of around 1 GW in block NE4, the Caledonia Offshore Wind farm ("Caledonia"), and consideration is being given to using part of the output for green hydrogen production.
Caledonia's 440 km2 seabed area is adjacent to the existing 950 MW Moray East and c.0.9 GW Moray West offshore projects, allowing Ocean Winds to leverage on the experience and operational synergies of developing, building and operating Caledonia in conjunction with Moray East and Moray West.
The UK is among the largest offshore wind markets worldwide, having recently raised its offshore target to 40 GW by 2030.
Ocean Winds continues to expand its presence and is fully committed to investing in Scotland, with Moray East 950 MW leading the way as the largest offshore wind farm in Scotland, Moray West c.0.9 GW which is shovel-ready, and now Caledonia with around 1 GW to be commissioned until the end of the decade, positioning Ocean Winds as a leader in the Scottish Offshore market and actively contributing with around 2.9 GW to reach the UK 40 GW target by 2030.
With today's announcement, EDPR increases its growth options in offshore wind in an attractive market, thereby enhancing and diversifying the company's long term profitable growth options while maintaining a balanced risk profile.
EDP Renováveis, S.A.
EDP Renováveis, S.A. Head office: Plaza de la Gesta, 2 33007 Oviedo, Spain
Share capital: €4,361,540,810 registered in the Commercial Registry Office of Asturias; item 3,671; book 177; sheet no. AS - 37,669; Tax No.A-74219304
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EDP Renovaveis SA published this content on 17 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 10:44:10 UTC.
EDP Renováveis, S.A. (Euronext: EDPR) is the fourth largest renewable energy producer worldwide with presence in 28 markets across Europe, North America, South America and Asia/Pacific.
Based in Madrid and with main regional offices in Houston, São Paulo and Singapore, EDP Renováveis, S.A. has a robust development portfolio with first class assets and a market-leading operational capability in renewables. These include wind onshore, utility scale & distributed solar, wind offshore (through its 50/50 JV - OW) and technologies complementary to renewables such as batteries and green hydrogen.
EDPR's employee-centered policies resulted in its recognition as a Top Workplace 2023 in the United States, Top Employer 2023 in Europe (Spain, Italy, France, Romania, Greece, Portugal and Poland) Colombia and Brazil, as well as its inclusion in the Bloomberg Gender-Equality Index.
EDPR is a division of EDP (Euronext: EDP), a leader in the energy transition with a focus on decarbonization.
EDP RENOVÁVEIS, S.A. 
