As per Enerdatics’ research, lenders were hesitant to back the Seagreen project in 2020 as it sold only 42% of its output under a CfD, while the remaining was sold through corporate PPAs and in the merchant market.

Source: https://energycentral.com/c/cp/renewable-energy-finance-ocean-winds-secures-22bn-non-recourse-debt-882-mw-moray

Much of it was on wind power schemes, including Seagreen in the North Sea, which generated its first power in August.

Source: https://www.dailymail.co.uk/money/markets/article-12118429/SSE-announces-ambitious-green-investment-plans.html?ns_mchannel=rss&ns_campaign=1490&ito=1490