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EIB considering funding 978 MW of offshore wind in France

Offshore wind farm. Author: Beverley Goodwin. License: Creative Commons, Attribution 2.0 Generic

February 15 (Renewables Now) - The European Investment Bank (EIB) is reviewing a request for the provision of debt for the construction of the Saint-Nazaire and Fecamp wind projects off the French coast, with a combined capacity of almost 1 GW.

The amount of funds being sought by EDF Energies Nouvelles, the renewable energy arm of Electricite de France SA (EPA:EDF), and its partner Enbridge Inc (TSE:ENB) of Canada, was not disclosed. The EIB did not provide information on the total cost of the projects, as well, but said the financing will be used to design, build, maintain and operate the two offshore wind farms.

The 480-MW Saint-Nazaire project in Loire-Atlantique on the Atlantic coast and the 498-MW Fecamp project in the English Channel, are expected to be commissioned in 2022. They were two of six projects selected in June 2018 to receive reduced state tariffs of EUR 150 (USD 169.1m) per MWh.

The Fecamp wind farm will use 83 units of the 6-MW GE Haliade turbines, while the Saint-Nazaire plant will be equipped with 80 units of the same machines. EDF and Enbridge are partnering on the schemes, which were selected in France’s Round 1 offshore wind tender in 2012, with Germany-based WPD AG.

(EUR 1.0 = USD 1.128)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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