Paris: EDF Renewables, a subsidiary of the EDF Group, Enbridge Inc., and wpd, a European renewable energy company, announced June 2 the launch of the Fécamp offshore wind farm following the finalisation of financing agreements between the consortium and its financial partners during the weekend.
The 500 MW Fécamp offshore wind farm will comprise 71 wind turbines located between 13 kilometers and 22 km from the coast of northwest France. Project commissioning is scheduled in 2023. The power generated by the wind farm will provide enough annual electricity to meet the power needs for 770,000 people, or over 60% of the Seine-Maritime department's population. Total project capital cost is estimated to be € 2 billion, of which the majority will be financed through non-recourse project level debt. Fécamp offshore wind farm is underpinned by a 20-year power purchase agreement granted by the state in June 2018.
Enbridge Inc., which owns 35% of the project through Éolien Maritime France SAS, is a North American energy infrastructure company. In addition to its portfolio of 1.4 GW of net onshore renewable power generation in Canada and the U.S., the corporation has investments across Europe in several large offshore wind projects in the development, construction and operational stages. In total, Enbridge has interest in 28 facilities totalling 1.8 GW of net renewable power generation capacity in operation.