Since 2011, RES, the world's largest independent renewable energy company, and IBERDROLA, one of the top five power utilities worldwide, have been working together on the offshore wind farm project off the coast of Saint-Brieuc. As the development phase of the project has come to an end, RES is now selling its shares to IBERDROLA, who becomes the sole shareholder. The project, which will comprise 62 wind turbines with an installed capacity of 496 MW, is now entering its operational phase.
"RES has contributed to the development of this project since its inception, providing Iberdrola with all our expertise and know-how in offshore wind energy, our knowledge of the French market, private and institutional stakeholders, and our skills particularly adding value in legal, environmental and technical matters. By buying back our shares, as well as those of the Caisse des Dépôts, Iberdrola becomes full owner of the project and will be responsible for its construction and operation. We are proud to have participated in this ambitious and innovative project and will continue to support it and our historical partner. RES and its teams remain committed to the project as a service provider" said Jean-François Petit, CEO.
Offshore wind: RES' ambitions
RES is pursuing its development ambitions in offshore wind energy in 2020 and will participate in the next offshore calls for tenders launched as part of the multi-annual energy programme (PPE) by the Energy Ministry in France.
"We want to put all our know-how into ensuring that France achieves the objectives set by the PPE for offshore wind energy production, an ambitious capacity of 2.4 GW in 2023 and around 5 GW in 2028" adds Delphine Robineau, RES Offshore Manager.
