The 950MW Moray offshore wind farm (East), also known as Moray East offshore wind farm, is being developed in the Outer Moray Firth, 22km off the coast of Scotland. It is the first of two wind farms planned to be developed in the Moray Firth Zone and was approved for the expansion of up to 1,116MW in 2016. The project is being developed by Moray Offshore Wind Farm East (MOWEL), a joint venture of EDP Renewables (33.3%), Engie (23.3%), Diamond Green Limited (33.4%) and CTG (10%). The wind farm will supply electricity at £57.50/MWh for 15 years under a Contract for Difference (CFD) signed with the UK Government in September 2017. The construction of the offshore wind farm commenced in December 2018 with the estimated investment of £2.6bn ($3.3bn). The wind farm is scheduled to be operational in 2022. The Moray East offshore wind farm will be able to fulfil approximately 40% of the total electricity demand in Scotland and can power 950,000 households in the UK. The wind farm will offset 1.7 million tonnes of carbon emissions every year.