Alliance of ENGIE, EDPR, Sumitomo Corp. to develop offshore wind projects in Yeu-Noirmoutier and Dieppe-Le Tréport
ENGIE, EDPR has signed an alliance with Sumitomo Corporation for the development of offshore wind projects in Yeu-Noirmoutier and Dieppe-Le Tréport. Engie reports that as part of the alliance, Sumitomo acquires a 29.5% equity stake in the French offshore projects (Dieppe Le Tréport and Yeu Noirmoutier) and will bring to the consortium its proven and complementary offshore wind expertise in terms of development, construction and operation.
ENGIE remains the reference shareholder with a 31% stake and the leading industrial player of both parks (496 MW each), in partnership with EDPR (29,5%) and La Banque des Territoires (part of Groupe Caisse des Dépôts, 10%).
Sumitomo Corporation is a leading Japanese industrial group already strongly positioned in the wind energy sector in Japan, Europe, United-States, South-Africa and China. The company is also part of some major offshore wind projects in Belgium and in the United Kingdom, totaling an installed capacity of over 1.5 GW1.1
Sumitomo Corp is also one of ENGIE’s long-time trusted partners and co-investors in desalination and geothermal projects in the Middle-East and Indonesia.
Socio-industrial commitments remain confirmed. This new alliance underlines the attractiveness of the French offshore wind market and the implementation of a French Marine energy sector.
[1] In Belgium : Northwind (216MW in operation - 30%), Nobelwind (165MW in operation - 39%) and Northwester 2 (219MW under construction - 30%) and in Britain : Galloper (336MW in operation - 12.5%), Race Bank (573.3MW in operation- 12.5%).
About ENGIE
Engie is a global energy and services group, focused on three core activities: low-carbon power generation, mainly based on natural gas and renewable energy, global networks and customer solutions. The Group operates in 70 countries with a workforce of 150,000 employees. In 2017 Engie's turnover was 65 billion Euros.