France

France

EDPR and Engie sign offshore JV

EDP Renewables (EDPR) and Engie form a 50:50 joint venture (JV) targeting offshore wind, having first announced their plans for the partnership last year.

EDPR and Engie have previously collaborated on offshore wind farms, including the 25MW Windfloat Atlantic project (above)
EDPR and Engie have previously collaborated on offshore wind farms, including the 25MW Windfloat Atlantic project (above)

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The two companies had signed a strategic memorandum of understanding to form a new entity developing both fixed-bottom and floating offshore wind projects in May 2019.

They expect the joint venture to be operational in the first quarter of 2020, following regulatory approval from the European Commission.

Together, EDPR and Engie have 1.5GW of offshore wind projects under construction in the UK, Portugal and Belgium, and are developing an additional 3.7GW in the UK, France and the US.

The partners had previously announced a target of having between 5GW and 7GW of projects in operation or under construction and 5-10GW at an advanced stage of  development by 2025.

Europe, the US, Japan, South Korea and India are target markets for the joint venture.

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