EDP Renewables and Engie will launch a joint venture (JV) to develop fixed and floating offshore wind farms, aiming to become a "top five player in the field". The companies have signed a Memorandum of Understanding to create the JV, of which they will each own 50%, and hope to be up and running by the end of 2019, pending legal and regulatory approval. Engie and EDP are also part of a consortium developing the 950 Moray EastMW Moray East and West offshore wind power project in Scotland, with the MW Moray East site due to begin construction in 2021.
EDP Renewables and Engie will launch a joint venture (JV) to develop fixed and floating offshore wind farms, aiming to become a "top five player in the field". The companies have signed a Memorandum of Understanding to create the JV, of which they will each own 50%, and hope to be up and running by the end of 2019, pending legal and regulatory approval. Engie and EDP are also part of a consortium developing the 950 MW Moray East and West offshore wind power project in Scotland, with the Moray East site due to begin construction in 2021.