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BRIEF-EDF Renewables, Enbridge, wpd launch construction of 2 bln euros Calvados offshore wind farm

Published 2021-02-22, 02:46 a/m
© Reuters.

Feb 22 (Reuters) - Edf Renewables EDF.PA :

* EDF Renewables, a subsidiary of the EDF Group, EIH, a subsidiary of Enbridge Inc, a North American energy infrastructure company, and wpd , a European renewable energies company, announce the launch of construction activity on the Calvados offshore wind farm.

* The total project cost is estimated at around €2 billion. The majority will be financed through non-recourse project finance debt. The Calvados offshore wind farm holds a 20-year power purchase agreement (PPA) granted by the French government in June 2018.

* The 448 MW Calvados offshore wind project is comprised of 64 wind turbines located more than 10km from the Bessin coastline and occupies a total surface area of approximately 45km². Upon its commissioning, scheduled in 2024, it will generate the equivalent of the annual electricity consumption of 630,000 people, or over 90% of the Calvados French department's population.

* The three and a half-year construction project will create over 1,000 direct jobs in Normandy.

Further company coverage: EDF.PA

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