Iberdrola has signed a deal to take full control of French offshore wind farm company Ailes Marines, which is developing the 496 MW Saint Brieuc project in the English Channel.
The Spanish energy firm is buying a 30 per cent stake in Ailes Marines from Avel Vor, bringing its holding in the company to 100 per cent.
The deal has received the green light from France’s Ministry of the Economy, and will “add momentum” to the €2.4 billion project as well as increase its ambition in the global offshore wind sector, Iberdrola said.
The Saint Brieuc wind farm is due to start construction in 2021 and start operating in 2023.
Jonathan Cole, Iberdrola’s Global Managing Director for offshore wind, said: “The Saint-Brieuc project is now ready to get started on construction. All agreements are in place, the funding is secured and contracts are signed. Our detailed Industrial Plan will also support new factories and highly-skilled clean energy jobs in France.
“We are hoping that the final legal and administrative matters will be concluded quickly, and then this major €2.4 billion investment in a cleaner energy future will be ready to run full speed.”
Located approximately 16 km off the coast of Brittany, the Saint-Brieuc plant will require an overall investment of around €2.4 billion. It will be equipped with 62 Siemens Gamesa wind turbines, each with an 8 MW capacity, installed in a 75-square-km area. The turbines will have tip heights of 207 m.