Wednesday, August 17 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Aug 15
Week of Aug 08
Week of Aug 01
Week of Jul 25
Week of Jul 18
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    KfW, partner banks finance 30-MW floating wind project in France


    June 7, 2022 - SeeNews Renewables

     

      June 7 (Renewables Now) - A group of banks led by Germany's KfW IPEX-Bank will provide financing for the 30-MW pilot floating wind project EFGL that will be set up in the Gulf of Lion off the French coast.

      Apart from KfW IPEX-Bank, the consortium of banks includes also Credit Agricole CIB, Banco Santander, S.A.(BME:SAN), Mizuho Bank Ltd as well as the European Investment Bank (EIB) and Danish export credit agency EKF, KfW said on Tuesday.

      Details about the amount of the project financing were not disclosed.

      The EFGL floating wind array will consist of three Vestas V164 turbines each of 10 MW which will be installed on semi-submersible platforms more than 16 km off the coast near the Leucate commune.

      The owners of the project are Ocean Winds, a Madrid-based 50/50 joint venture between EDP Renewables (ELI:EDPR) and Engie SA (EPA:ENGI), and Banque des Territoires.

      The final investment decision was taken in January.

      EFGL is the first project of this kind that KfW IPEX-Bank is financing. The German lender sees enormous potential in floating offshore wind farms because they can be built in deeper waters than fixed offshore parks, giving the opportunity to expand offshore wind power much more and drive the decarbonisation of energy generation faster.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.