Ocean Winds (OW), the offshore wind energy company created as a joint venture between EDP Renewables and ENGIE, announced at WindEurope 2023 its final investment decision (FID) for the Dieppe Le Tréport offshore wind farm in France. The project, which is around 500 MW and represents a total investment of €2.7 billion, is expected to create numerous job opportunities in the region.
This comes on the heels of OW's successful FID on its îles d'Yeu Noirmoutier offshore wind project in France and financial close on Moray West in Scotland, both around 500 MW. With these projects now in the construction phase, OW's portfolio has close to 2 GW under construction, in addition to its 1.5 GW already in operation.
Grzegorz Gorski, Chief Operating Officer of Ocean Winds, said, “Securing financing for three offshore wind projects this month not only demonstrates our commitment to delivering clean energy and unlocking local opportunities but shows our solution-driven experience and leadership in the offshore wind energy sector.”
Despite the current global economic challenges, inflation, and supply chain tensions, OW has renewed its commitment to the realization of its projects, securing financing and demonstrating the confidence that financial markets hold in the strength of its projects and the company as a delivery partner.
Since last year's Wind Europe event, OW has expanded its global presence by including new projects in its portfolio, including Caledonia (2 GW), Bluepoint Wind (1.7 GW), Arven (1.8 GW), the Shetland project (500 MW), and Golden State Wind (2 GW), with more than half corresponding to floating technology.
As OW continues to expand its portfolio and grow its global presence, the company remains committed to delivering clean energy and creating local job opportunities. With a strong track record in the offshore wind energy sector and a capacity to secure financing, OW is well-positioned to continue driving the growth of renewable energy and tackling climate change.
