Ocean Winds (OW), a leading offshore wind energy company, has announced a final investment decision (FID) on its Dieppe Le Tréport offshore wind farm in France, which has a capacity of 500MW and will require an investment of €2.7bn. This decision follows OW's FID on its French offshore wind project, Iles d'Yeu Noirmoutier, and the financial close on the 882MW offshore wind facility Moray West in Scotland, UK.
Together, these three projects have secured a total investment of €7.4bn, which demonstrates OW's capacity and engagement to secure the construction, delivery, and operation of the offshore wind farms. With the FID now made, OW is ready to begin construction works, and almost 2GW capacity of its portfolio is currently in the construction phase.
See also: Orsted acquires remaining stake in 1,100 MW Ocean Wind 1 project off New Jersey coast
OW's chief operating officer, Grzegorz Gorski, said: “Despite the current global economic challenges, inflation, and tension on the supply chain, we have renewed our commitment to the realisation of our projects – securing financing and demonstrating the confidence that the financial markets hold in the strength of our projects and us as the delivery partner.”
He added: “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.”
Since its inception in 2020, OW has tripled its portfolio and reached a total gross capacity of 16.6GW. In 2022, it achieved 8GW of new capacity, more than half of which was floating technology.
This significant investment in offshore wind projects is a positive sign for the industry, as it continues to grow and develop, providing sustainable energy solutions and local economic opportunities. As OW's chief operating officer stated, “We are excited to see our projects come to fruition and contribute to the global effort to combat climate change.”
