News / Eolfi’s floating wind project gets EUR 85m in funding

Eolfi’s floating wind project gets EUR 85m in funding

🕔 September 14, 2016
Financial close for US$200 million wind farm in Tasmania

Eolfi's floating offshore wind project will receive a total of €85 million (US$93.5 million) in funding under the "Investments for the Future" programme (PIA).

The total project investment is estimated at €183.3 million (US$205.86 million). Funding provided by PIA includes a grant of €34 million and €51 million of repayable advances.

Eolfi and CGN Europe Energy will develop a 24 MW project near the island of Groix, off the east coast of France. General Electric will provide four 6 MW Haliade offshore wind turbines (developed by Alstom), DCNS will design the floating structures and Vinci will be the construction contractor.

As we reported in early August, French Ecology Minister Segolene Royal, announced two winners of France's tender for pilot floating offshore wind farms. The two winners were Eolfi and CGN Europe Energy and Quadran-led EolMed consortium

Quadran has plans to develop develop a 24 MW project near Gruissan in the south coast of France. Senvion will provide an adapted version of its 6.2M152 wind turbine, Ideol will design the floating structures and Bouygues Travaux Publics will be the construction contractor. The total project investment is estimated at €215 million (US$240.7 million).

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