EDF Group Acquires 50% Interest in Irish Offshore Wind Farm

EDF Renewables will now partner with Fred Olsen Renewables Ltd owning the other 50% to develop and build the project.

The initial development work already started in 2003, but the wind farm hasn't been built yet. But as the Irish Government has adopted a Climate Action Plan specifying to grow renewables to provide 70% of electricity generation by 2030, offshore wind came into focus again.

It is expected that offshore wind may deliver at least 3.5 GW in support of reaching this target. Over the next couple of years, project development will continue with the intention that Codling will make a significant contribution to achieving the Irish Climate Action Plan targets. Codling is spread across two sites, one of which, Codling 1, is consented. As an indication, the capacity of the project should be around 1 GW of installed capacity.

Bruno Bensasson, EDF Group Senior Executive Vice-President Renewable Energies and Chief Executive Officer of EDF Renewables said, “We are very pleased to join the Codling offshore wind project in partnership with Fred Olsen Renewables. We are committed to contributing to the Irish government's renewables goals. This important project clearly strengthens our strong ambition to be a leading global player in the offshore wind industry. This is consistent with the CAP 2030 strategy that aims to double EDF's renewable energy generation by 2030 and increase it to 50 GW net”.