Case study: Equitix acquisition of Moray East stake
23 October, 2023
Commercial context
Equitix acquired a minority stake into the 950 MW Moray East offshore wind farm, in the Moray Firth. Ocean Winds has agreed to sell a 16.6% stake in what is Scotland’s largest fully operational offshore wind farm.
Ocean Winds is an international company dedicated to offshore wind energy, created as a 50-50 joint venture in 2020 by EDP Renewables and ENGIE.
LiveDiligence was used by Everoze to deliver full technical due diligence of the project, including review of the vendor’s energy yield assessment and detailed wake analysis.
Benefits delivered by LiveDiligence
LiveDiligence:
- helped keep the transaction on track and moving at pace, with the LiveDiligence riskMap and statusMap adding clarity to weekly project team updates.
- provided a seamless, real-time conduit for Everoze to share their unique transaction expertise with Equitix.
Photo: Moray East