DWPF provided model audit advice to EDF Renewables, Enbridge, and wpd on the financing of the 448 MW Courseulles-sur-Mer Offshore Wind Farm in France.
The 448-MW Calvados offshore wind project is comprised of 64 wind turbines located more than 10km from the Bessin coastline and occupies a total surface area of approximately 45km². Upon its commissioning, scheduled in 2024, it will generate the equivalent of the annual electricity consumption of 630,000 people, or over 90% of the Calvados French department’s population
The total project cost is estimated at around EUR2 billion (US$2.4 billion). The majority will be financed through non-recourse project finance debt. The Calvados offshore wind farm holds a 20-year power purchase agreement (PPA) granted by the French government in June 2018.
Country updates
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February 25, 2021
Engie, Orange sign PPA for 51 MW solar projects in Hautes-Alpes
French energy group Engie SA signs a power purchase agreement (PPA) with Orange SA for the two solar photovoltaic projects in France. The 15-year Corporate Power Purchase Agreement (PPA) between Oran...
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February 23, 2021
Eiffel Investment Group raises EUR300m for Eiffel Essentiel's first closing
Eiffel Investment Group SAS has held a first close of EUR300 million (US$363.8 million) for its Eiffel Energy Transition that finances the green economy and energy transition in France and Europe. Th...
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February 22, 2021
EDF Renewables starts construction of 20 MW floating solar power facility in Lazer
EDF Renewables is launching the construction of its first floating photovoltaic facility, which will be built on a reservoir in the Lazer municipality (Hautes-Alpes department). The project will contr...
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February 18, 2021
Saipem secures construction job for 450 MW Courseulles-sur-Mer offshore wind project
Eoliennes Offshore du Calvados SAS (EODC), a joint-venture established by EDF Renewables, Canada’s Enbridge Inc., and Germany’s wpd AG, has awarded Saipem SpA an EUR460 million (US$55...
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February 10, 2021
Mirova to launch Mirova Energy Transition 5 Fund1 (MET5)
Mirova has begun the fundraising of its 5th fund dedicated to financing energy transition infrastructure. The fund, which is still in its project phase, will be named Mirova Energy Transition 5 Fund (...
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