The Yeu and Noirmoutier offshore wind undertaking in France, with a focused capability of about 500 MW, has achieved remaining funding determination and is beginning building this month, its builders stated immediately.
The undertaking firm for the wind park is known as Eoliennes en Mer des Iles d’Yeu et de Noirmoutier (EMYN) and is owned by Ocean Winds, a three way partnership between Engie SA (EPA:ENGI) and EDP Renovaveis SA (ELI:EDPR) with a 60.25% stake, Sumitomo Company (TYO:8053) with 29.5%, Banque des Territoires and semi-public firm Vendee Energie.
The EUR-2.5-billion (USD 2.7bn) undertaking has secured EUR 2.2 billion in financing led by the Japan Financial institution for Worldwide Cooperation (JBIC) and a syndicate of 16 lenders. It was profitable in a 2014 tender by the French authorities.
To be constructed 11 km (6.8 miles) off the island of Yeu and 16 km off the island of Noirmoutier, the wind park is because of be commissioned within the second half of 2025. It’ll use Siemens Gamesa generators.
In France, Ocean Winds can be progressing the under-construction Gulf of Lion floating pilot farm and the Dieppe Le Treport offshore wind farm, additionally of round 500 MW, which is poised for a remaining funding determination quickly. In accordance with Sumitomo, which is a shareholder within the Dieppe Le Treport undertaking as properly, its building will begin in Could.
(EUR 1 = USD 1.094)
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