Ocean Winds Secures Celtic Sea Lease for 1.5 GW Floating Offshore Wind Project
Ocean Winds Secures Celtic Sea Lease for 1.5 GW Floating Offshore Wind Project

Project News

Ocean Winds Secures Celtic Sea Lease for 1.5 GW Floating Offshore Wind Project

Updated on Mar 03, 2026, 07:26 PM IST

Ocean Winds has been selected by The Crown Estate to deliver a new floating offshore wind project in the Celtic Sea, marking a major step forward for UK floating offshore wind development. The developer, a 50-50 joint venture between energy companies EDPR and ENGIE, confirmed the lease agreement on March 3, 2026.

Project Capacity and Timeline

The Celtic Sea floating offshore wind project is set to be delivered in phases, with Ocean Winds envisaging the development eventually ramping up to 1.5GW of capacity over the next decade. This phased approach will allow for gradual scaling of the project's generating capacity.

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Developer Background

Ocean Winds operates as an equal partnership between two major energy developers. EDPR and ENGIE each hold a 50 percent stake in the joint venture, combining their expertise to develop offshore wind projects. The company has previous experience in floating offshore wind technology, including the EFGL floating offshore wind farm located in Occitanie, France.

UK Floating Wind Development

The Celtic Sea project, one of the largest upcoming wind farm projects in Ireland, represents part of broader plans for a new fleet of UK floating offshore wind turbines. The selection of Ocean Winds by The Crown Estate indicates progress in the UK's floating offshore wind sector, with this project contributing to the expansion of renewable energy capacity in British waters.

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