Eolien Maritime France (EMF), the Joint Venture of EDF Renewables, Enbridge and CPP Investments, has announced the commercial operation of the 480 MW Saint-Nazaire offshore wind park project in France.
The project started generating power after the construction of 27 out of 80 turbines have been completed by the developers at an installation site located off the coast of the Loire-Atlantique department. The facility has the capacity to provide the energy for around 700,000 people. The wind farm operator EMF started installing turbines in April and expects the construction to be completed by the end of 2022. French network operator Reseau de Transport d’Electricite (RTE) is responsible for connecting the wind farm to the local grid.
The wind farm will consist of GE Haliade 150-6 MW turbines. Once operational the project is expected to produce 20% of Loire-Atlantique's energy consumption.
DEME has completed the installation of the first offshore substation (OSS) in France. Weighing 2,100 tons, the OSS was successfully installed at the Saint-Nazaire offshore wind farm.
Read moreLeading France’s wind power revolution, Siemens Gamesa Renewable Energy has been awarded the firm order from the EDF Renewables-Enbridge-wpd consortium for the 448 MW Courseulles-sur-Mer offshore wind power project.
Read morePrime Capital AG has completed junior debt financing for a European photovoltaic portfolio of the independent power producer MKM Invest Group, which was arranged with ENERPAZ.
Read moreThe European Investment Bank (EIB) has granted a EUR 450 million (US$511.14 million) credit line to a consortium made up of EDF Renouvelables, Enbridge and wpd to co-finance the construction of one of the largest wind farm projects in France. This financing will be guaranteed by the European Fund for Strategic Investments, known as the Juncker Plan.
Read moreEnbridge and CPP Investments executed agreements whereby 49% of Enbridge's 50% interest in Éolien Maritime France SAS (EMF) will be sold to CPP Investments in return for a payment which will include a project promote as well as 49% of all development capital spent by Enbridge since inception to the date of close. The total payment at close is anticipated to exceed $100 million. Post-closing, CPP Investments will contribute its pro-rata 49% share of all ongoing future development capital.
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