Fécamp Begins Producing Clean, Green, Secure Energy off the French Coast
Enbridge and its partners have inaugurated the 497 MW Fécamp Offshore Wind Farm located off the French coast. This project consists of 71 Siemens Gamesa turbines, each with a capacity of 7 MW. The farm can supply power to 770,000 people, covering 60% of the Seine-Maritime region's energy needs. It reflects Enbridge's commitment to renewable energy, aligning with France's goal of 33% renewable energy by 2030 and net-zero emissions by 2050. The project represents a €2 billion investment, created 3,000 jobs, and involves ongoing collaboration with local stakeholders for environmental monitoring and maintenance.
- 497 MW capacity with 71 Siemens Gamesa turbines.
- Can supply power to 770,000 people, covering 60% of Seine-Maritime region's needs.
- Aligns with France's goal of generating 33% renewable energy by 2030.
- Supporting France’s net-zero emissions target by 2050.
- €2 billion investment in the project.
- Created approximately 3,000 jobs in Normandy for construction.
- 100 local jobs created for ongoing maintenance.
- Continuous collaboration with local stakeholders and environmental monitoring.
- No specific financial revenue or profit data provided in the release.
- Potential operational risks in maintaining offshore wind turbines.
- High initial investment of €2 billion with long-term ROI not immediately clear.
Insights
The completion of the Fécamp Offshore Wind Farm marks a pivotal moment in the renewable energy sector. With a capacity of 497 MW, it's positioned to supply energy to roughly 770,000 people or 60% of the Seine-Maritime region. Offshore wind energy has a significant role in France's strategy to achieve 33% renewable energy by 2030 and net-zero emissions by 2050. For investors, this showcases Enbridge's commitment to expanding its renewable energy portfolio and reinforcing its strategic alignment with national and global sustainability goals.
However, the project also highlights the substantial
In the short term, this news could bolster investor confidence in Enbridge's capability to deliver on large-scale green energy projects. However, investors should stay mindful of the potential for regulatory and operational challenges that could impact returns. Additionally, with the maintenance base creating 100 local jobs, there is a tangible socio-economic benefit to the region, reinforcing the project's value proposition beyond just financial metrics.
NORTHAMPTON, MA / ACCESSWIRE / June 10, 2024 / Enbridge
Enbridge and partners celebrate inauguration of Fécamp Offshore Wind Farm
Herring. Cod. All manner of shellfish. And a rich shipbuilding history, to boot.
For nearly a thousand years, right up to the 1970s, the French harbor city of Fécamp was associated primarily with the fishing industry.
Now, there's a new harvest underway.
Today, in the small town situated on France's northern coast in the presence of Roland Lescure, French Minister Delegate for Industry and Energy, Enbridge and its partners inaugurated the Fécamp Offshore Wind Farm, Enbridge's second offshore wind energy project in the country.
The 497 megawatt (MW) Fécamp project consists of 71 offshore Siemens Gamesa turbines, each with a generation capacity of 7 MW, located between 13 and 22 kilometres off the French coast. Enbridge's first French offshore wind farm, the 480-MW Saint-Nazaire project, entered service in November 2022 and was the first such project in the country's history.
"The successful completion of the Fécamp Offshore Wind Farm marks a significant milestone for Enbridge and our project partners," says Matthew Akman, Enbridge's Executive Vice President of Corporate Strategy and President of our Power group.
The Fécamp project, whose ownership also includes EDF Renewables, CPP Investments and Skyborn Renewables has the capacity to supply
Enbridge's plan to advance our offshore wind projects, including the 24 MW Provence Grand Large floating pilot project later this year, and the 448 MW Courseulles-sur-Mer (Calvados) in 2025 also aligns with France's target of generating
"These projects further highlight our commitment to being a leader in the energy transition and providing reliable, clean and secure energy to the region," says Akman.
Fécamp joins Enbridge's portfolio of operational European offshore wind assets including: Saint-Nazaire (480 MW), Rampion (400MW) off the southern English coast, and Hohe See (497 MW) and Albatros (112 MW) projects off Germany's north coast.
Working together: A long-term commitment
Throughout the development and construction phases over the past 12 years, the Fécamp Offshore Wind Farm project team has worked in close consultation with all local stakeholders, enabling optimal protection of the landscape and surrounding environment, and helping to ensure shared use of the sea.
Numerous meetings with fishing professionals, residents, elected representatives and other stakeholders have resulted in a project that combines a commitment to the energy transition, consideration of local needs and resources, and respect for the environment. For example, the configuration of the wind farm was adapted, with turbines aligned in the direction of the current to allow fishing.
Cooperation with local stakeholders and environmental monitoring measures will continue throughout the operational phase of the Fécamp Offshore Wind Farm.
A local industrial project in Normandy
For the past three years, the Fécamp Offshore Wind Farm has relied on a network of regional infrastructures and skills to help build the project.
This included construction of 71 gravity-based foundations and production of wind turbine blades, nacelles and generators in Le Havre, and pre-assembly of components in Cherbourg.
In all, the project created about 3,000 jobs in the Normandy region for project construction, and represents a total investment of about 2 billion euros.
With the maintenance base located on the Grand Quai peninsula in Fécamp, about 100 local jobs have been created to operate the wind farm. Day-to-day tasks will range from planning maintenance operations to optimizing electricity production.
TOP PHOTO: The 497-megawatt Fécamp Offshore Wind Farm off the northern coast of France is now fully operational. The project is owned by EDF Renewables, Enbridge, Canada Pension Plan Investment Board, and Skyborn. © Parc éolien en mer de Fécamp-CAPA Corporate-CBeyssier
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View the original press release on accesswire.com
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