Iberdrola has purchased the remaining 30 percent interest in the €2.4 billion ($2.7 billion) Saint-Brieuc offshore wind farm in France from Avel Vor, a consortium composed of RES and Caisse des Dépôts.
Iberdrola, which previously owned 70 percent of the consortium’s capital, moved to acquire full ownership following approval from the French Ministry of the Economy.
Located approximately 16 kilometers (9.9 miles) off the coast of Brittany, France, the Saint-Brieuc plant will be equipped with 62 Siemens Gamesa wind turbines, each with an 8-megawatt capacity.
The project is scheduled to begin construction in 2021. Once fully operational in 2023, the installed capacity of 496 megawatts is expected to produce enough clean energy for 835,000 consumers, according to Iberdrola.
The company is developing, constructing and operating the French wind farm, bringing its offshore wind project pipeline to 12.4 gigawatts globally. Iberdrola currently operates three
