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French nuclear energy giant ENGIE now buying into UK’s offshore wind energy market

Modern Power Systems 13th July 2017,Engie has entered the UK’s offshore wind energy market with a deal to buy
a 23 per cent stake in the Moray East project in Scotland. The French
energy giant has purchased the stake from EDP Renewables (EDPR) for £21
million and will participate in the development and operation of the 1.1 GW
project.

EDPR and Engie are already partnering in the development of
offshore wind energy projects in France and Portugal, including floating
offshore wind projects. The Moray East project comprises three proposed
offshore wind farms located off the Caithness coast. The projects were
granted development consent in March 2014 and are expected to participate
in the UK’s CFD tender process. http://www.modernpowersystems.com/news/newsengie-buys-into-uk-offshore-wind-5870459

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July 17, 2017 - Posted by | France, renewable, UK

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