Engie and EDP join forces

Antonio Mexia, EDP CEO and Chairman of EDPR and Isabelle Kocher, ENGIE CEO, have signed a strategic Memorandum of Understanding (MoU), to create a co-controlled 50/50 joint-venture (JV) in fixed and floating offshore wind. The new entity will be the exclusive vehicle of investment of EDP, through its subsidiary EDP Renewables (EDPR), and ENGIE for offshore wind opportunities worldwide.

EDP and ENGIE, will combine their offshore wind assets and project pipeline in the newly-created JV, starting with a total of 1.5 GW under construction and 4.0 GW under development, with the target of reaching 5 to 7 GW of projects in operation or construction and 5 to 10 GW3 under advanced development by 2025.

This alliance follows EDPR and ENGIE’s successful six-year cooperation as consortium partners in the Dieppe Le Tréport and Yeu Noirmoutier fixed offshore wind projects in France and Moray East and Moray West in the UK. EDPR and ENGIE are also partners in 2 floating offshore wind projects in France and Portugal and in the Dunkerque offshore wind tender currently ongoing in France.

Isabelle Kocher, ENGIE CEO, said: “We are delighted to announce this strategic alliance in offshore wind with EDP that we have been partnering with since 2013. The offshore wind sector is set to grow very significantly by 2030. The creation of this JV will enable us to seize market opportunities while increasing our competitiveness on one of our key growth drivers, renewables. This agreement is also fully aligned with ENGIE’s zero-carbon transition strategy.”

Eiffage wins contract for the Moray East offshore wind farm (U.K)

The French group Eiffage, through its Belgian subsidiary Smulders, has won a contract with GeoSea (subsidiary of DEME) to construct the Moray East offshore wind farm in the north-eastern coast of Scotland. The value of the Eiffage contract is worth more than 250M €.
This wind farm project, with a capacity of 950 MW over 295 km2, involves the manufacturing and installation of 100 jacket foundations of 85 meters high and weighing 1,000 t each. 55 foundations will be built in the Smulders and Eiffage Métal reaffirms in the United Kingdom, France, Belgium and Poland.

The consortium of EDF Renewables and Masdar will build a 400MW wind farm in Saudi Arabia

A consortium of two experts in the renewable energy sector, the French EDF Renewables and Masdar (Abu Dhabi Future Energy Company PJSC), has just won the tender for the Dumat Al Jandal wind farm in Saudi Arabia. Their offer was pre-selected in Riyadh in July 2018 thanks to its best cost competitiveness ($ 21.3 / MWh). Located 900 km from north of Riyadh in the region of Al Jouf, this wind farm with a capacity of 400 MW, the first of Saudi Arabia, will be the most powerful in the Middle East.