• Earlier in April 2023, Ocean Winds reached Final Investment Decision on the îles d’Yeu et Noirmoutier offshore wind farm in France and achieved Financial close of Moray West offshore wind farm in the United Kingdom. Total investment se-cured for the three projects represent €7.4 billion.
• Ocean Winds continues its expansion, tripling its portfolio since its inception in 2020, reaching 16.6 GW total gross capacity, achieving 8 new GW in 2022, more than half corresponding to floating technology.

Ocean Winds, an international company dedicated to offshore wind energy and created as a 50-50 joint venture in 2020 by EDP Renewables and ENGIE, has announced the Final Investment Decision taken on its Dieppe Le Tréport offshore wind farm in France. The project of around 500 MW in France represents a total investment of €2.7 billion.

Earlier in April 2023, Ocean Winds has accomplished key steps by reaching the Financial Investment decision on its îles d’Yeu Noirmoutier offshore wind project in France (around 500 MW) project, and the achievement of Financial Close on Moray West (882 MW), in Scotland.

Reaching these stages allows both projects to enter their construction phase, which means that close to 2 GW of OW’s portfolio is currently under construction, in addition to its 1.5 GW already operating. With €7.4 billion of total investment secured for these projects, Ocean Winds is demonstrating its capacity and engagement to secure the construction, delivery and operation of its offshore wind farms.

Grzegorz Gorski, Chief Operating Officer of Ocean Winds, commented:
“Securing financing for three offshore wind projects this month not only demonstrates our commitment to delivering clean energy and unlocking local opportunities but shows our solution-driven experience and leadership in the offshore wind energy sector.” He added, “Despite the current global economic challenges, inflation and tension on the supply chain, we have renewed our commitment to the realization of our projects securing financing, demonstrating the confidence that the financial markets hold in the strength of our projects and us as the delivery partner.”

KeyFacts Renewable Energy Directory: Ocean Winds