In a statement sent to the Portuguese Stock Exchange Commission (CMVM), the EDP group subsidiary said the Moray Offshore Windfarm (East) has been awarded a contract to provide the power over 15 years at a rate of £57.50 (about €63) per MW/hour based on the 2012 tariff.
After concluding the development phase and selecting the partners and suppliers for the different phases of the construction and operation, the consortium will begin building work on the windfarm that should be concluded by 2022.
EDP Renováveis owns 82.6 percent of the Moray Offshore Windfarm.