JERA Nex BP has acquired EnBW's stake in the 1.5 GW Mona offshore wind farm and secured a lease agreement with The Crown Estate for the project. However, the company has decided not to proceed with the Agreement for Lease for the neighboring 1.5 GW Morgan offshore wind project.

Context and Background

The Morgan and Mona projects in the Irish Sea were originally under development by EnBW and BP after they won leasing rights in 2021. The partnership evolved to involve JERA Nex BP, the offshore wind joint venture of JERA and BP formed in 2025. The decision to cancel Morgan follows EnBW's withdrawal from both projects after they failed to secure contracts in the UK's latest Contracts for Difference (CfD) auction.

Market Conditions and Auction Outcome

The UK government awarded 8.4 GW of CfDs in a record-breaking auction round. However, the Morgan and Mona projects did not win government support in this auction. RWE, another German utility, secured most of the deals in this round. JERA Nex BP cited "current market conditions" as a factor in its decision not to proceed with the Morgan project.

Next Steps

JERA Nex BP and EnBW will work with stakeholders to manage the implications of the decision to cancel the Morgan project and conclude project activities carefully. JERA Nex BP will now focus solely on the development of the Mona offshore wind farm.