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windfair.net

11/08/2022

Iberdrola and AXA sign MoU for offshore wind energy development in France

AXA would participate as a minority shareholder in the development of a wind farm of about 1,000 MW in Normandy, should Iberdrola be awarded the project in the auction in which it has already been shortlisted, the companies announced.

The submission of bids for this tender, denominated AO4, will take place on November 10 and the award is scheduled for the first quarter of 2023.

The future site is located more than 30 kilometers off the coast of Normandy in Northern France, in an area with very favorable wind and seabed conditions for this technology.

Iberdrola plans to invest 4 billion euros in France by 2025, mainly in renewable projects.

In addition to this tender, Iberdrola has also been pre-qualified for the development of three other offshore wind energy projects of 250 MW each. Two of them in the Gulf of Lion, in the waters of the Mediterranean Sea, which are expected to be awarded in the fall of 2023 and are scheduled for commissioning in 2030. The third project for which the company is bidding is the future first floating offshore wind farm in France, to be built some 20 kilometers off Pointe des Poulains, a peninsula located on the northwestern tip of Belle-Île in Brittany.

Currently, Iberdrola is completing the Saint-Brieuc farm with a capacity of nearly 500 MW which will come on line in 2023.