Q ENERGY Acquires Stake in Pennavel Floating Offshore Wind Project off Brittany, France
Q ENERGY, a subsidiary of Korea's Hanwha Group, has entered as a shareholder in Pennavel, the project company developing a floating offshore wind farm off the south coast of Brittany, France. Q ENERGY joins existing shareholders Elicio France and BayWa r.e. France, bringing over 20 years of French offshore wind expertise including the 496 MW Ailes Marines project in Saint-Brieuc Bay. Stake size and capacity not disclosed.
Transaction date: · Source: qenergy.eu
Key facts
- Transaction date
- Technology
- Offshore Wind
- Capacity
- 250 MW
- Transaction price
- Not disclosed
- Buyer
- Q ENERGY
- Country
- France
- Region
- Brittany
- Location
- South of Brittany, France
- Continent
- Europe
- Development status
- Under Development
- PPA
- n.a.
Technology details
Floating offshore wind farm project located off the south coast of Brittany, France. Project has been in development for more than 18 months. Holds the 'Breizh content' label, reinforcing its commitment to local industrial development.
Additional information
Q ENERGY joins existing consortium shareholders Elicio France and BayWa r.e. France. Q ENERGY is a subsidiary of Korean industrial group Hanwha and benefits from synergies with Hanwha Ocean, a major shipbuilding company active in offshore wind. Pennavel is the project company responsible for the development of the floating offshore wind farm.
Source
Original announcement: https://qenergy.eu/media/detail/pennavel-announces-q-energys-acquisition-of-a-stake-in-its-capital/