Leading 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.
Located 10 km off the Bessin coast, the project brings the total capacity awarded to Siemens Gamesa by the consortium in France to approx. 1 GW. Both the wind turbine nacelles and blades for the Courseulles-sur-Mer project are scheduled to be produced at the Siemens Gamesa facility currently under construction in Le Havre.
The 448 MW project will rely upon the stable technology of the SWT-7.0-154 Direct Drive offshore wind turbine, a part of the world’s most installed offshore turbine fleet. Installation and commissioning of the Courseulles-sur-Mer project is scheduled for 2024.
Expected to create approximately 750 direct and indirect jobs when fully operational, particularly in the fields of composite materials, mechanical assembly, and logistics, the facility has already begun recruiting employees.
Prime 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.
Read moreIberdrola has increased its presence in the offshore wind industry, following the conclusion of an agreement to take 100% ownership of Ailes Marines. The company is developing, constructing and operating the 496 MW Saint-Brieuc offshore wind farm in France.
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Siemens Gamesa Renewable Energy has reached an agreement to acquire selected European assets of Senvion Group for EUR200 million (US$223 million).
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