Daily Newsletter

05 October 2023

Daily Newsletter

05 October 2023

Ocean Winds, Banque des Territoires tie up on 1GW French bid

France is tapping the potential offered by its coastal areas to hit its 2050 installed capacity targets.

Surya Akella October 05 2023

Ocean Winds and Banque des Territoires have decided to jointly bid for the 1GW AO7 South Atlantic offshore wind tender in France.

The bottom-fixed offshore wind project will be located around 40km off the coast of Oléron island.

Through the latest tender, the French Government aims to tap into the prospects of its coastal areas and help the country reach its 2050 target of 40GW of installed capacity.

Ocean Winds, a joint venture between EDP Renewables and Engie, and Banque des Territoires have already been partners for three offshore wind farms under development.

These are the Dieppe Le Tréport and Îles d’Yeu and Noirmoutier bottom-fixed offshore wind farms, and the Éoliennes Flottantes du Golfe du Lion floating wind pilot project. Together, these wind farms have a capacity of more than 1GW.

Earlier, the two companies also participated in the AO6 tender and are now extending their alliance for the AO7 tender.

Ocean Winds France country manager Marc Hirt said: “We are delighted to announce the expansion of our partnership with Banque des Territoires for our participation in AO7. Considering our joint journey since 2014, and our common dedication to enhancing local opportunities and coexistence with communities and other sea users, this extension of our partnership seemed like a logical progression.

“Our commitment with the local stakeholders, which is instrumental for our three projects currently under construction, will remain a central pillar as we venture into AO7 – where we will specially focus on the engagement with the fisheries for responsible and sustainable offshore development, as well as with local actors, to support the progress of the industry in France and local employment. Finally, our experience will also be key for developing a project taking fully into account environmental characteristics of the area.”

Banque des Territoires energy and ecological transition director Emmanuel Legrand said: “The deployment of offshore wind capacity needs to keep the pace, and we at Banque des Territoires are committed to contribute to this first project off the South Atlantic French coast, capitalising on our common experience with Ocean Winds on the bottom-fixed Dieppe Le Tréport and Îles d’Yeu et Noirmoutier projects currently under construction.”

In August 2023, RWE and Valorem announced plans to jointly participate in the AO7 tender.

Nuclear Power dynamics in China

The Chinese government holds nuclear power to be a key instrument in achieving clean energy. During their 13th Five-Year Plan period from 2016 to 2020, China built 20 new nuclear power plants with a total capacity of 23.4 GW. In the current 14th Five Year Plan period the government has set targets to achieve 70GW of nuclear power capacity by 2025. The government has no plans to phase out or phase down nuclear power plants and there are over 17 nuclear power projects under construction.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close