Global Infrastructure SherpaOcean Winds signs Agreement for Lease for Celtic Sea floating offshore wind project site
Ocean Winds secured an Agreement for Lease from The Crown Estate for a 1.5 GW floating offshore wind project site in the Celtic Sea. This award, part of a 4.5 GW total.
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Counterparts (2)
Developer
Ocean Winds
Ocean Winds is a global offshore wind developer, builder, financier, and operator, established in 2019 as a 50-50 joint venture between EDP Renewables and ENGIE. Headquartered in Madrid, Spain, the company develops and operates offshore wind farms worldwide, including projects in Europe and Asia Pacific.
Ocean Winds (OW)
Ocean Winds (OW) is a 50/50 joint venture between EDP Renewables and ENGIE, targeting 5-7 GW of fixed and floating offshore wind capacity in operation or construction by 2025-2027. The company develops, constructs, and operates offshore wind projects globally, with a focus on Europe, the US, and Asia.
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Ocean Winds, a 50-50 joint venture between EDP Renewables and ENGIE, has secured a critical Agreement for Lease with The Crown Estate for a floating offshore wind project site in the Celtic Sea. This development deal advances a cutting-edge offshore wind technology in the United Kingdom, moving beyond traditional fixed-bottom installations. The Madrid-headquartered developer's commitment to this project underscores its strategic expansion into nascent floating wind markets. Securing this lease is a foundational step for OW to progress the project through its subsequent development phases.
- Ocean Winds is a 50-50 joint venture between EDP Renewables and ENGIE.
- Ocean Winds was established in 2019.
- The deal involves an Agreement for Lease with The Crown Estate.
- Ocean Winds is headquartered in Madrid, Spain.
Timeline
Announced
Mar 3, 2026
Signed
Closed
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