CPP Investments-Backed Saint-Nazaire Offshore Wind Farm Goes Operational
Posted on 11/26/2022
EDF Renewables and EIH S.à.r.l, a subsidiary of Enbridge Inc. (TSX: ENB) (NYSE: ENB) and CPP Investments, have achieved a significant milestone as France’s first commercial-scale offshore wind project, the 480-megawatt Saint-Nazaire Offshore Wind Farm, is now fully operational.
Located between 12 and 20 km from the southwest coast of France, the wind farm will help support the French State’s energy transition goals, which include targets to generate 32% of its energy from renewable sources by 2030. The wind farm will produce the equivalent of 20% of the Loire-Atlantique’s annual electricity consumption and supply the equivalent of the consumption of 700,000 people with electricity every year.
After nearly three years of construction, the Saint-Nazaire Offshore Wind Farm first produced electricity at the beginning of June 2022 and proceeded to incrementally connect its 80 wind turbines to the national electricity transmission network.
EDF Renewables and EIH S.à.r.l, a subsidiary of Enbridge Inc. and CPP Investments, officially launched construction of the wind farm in September 2019 alongside industrial partners and local stakeholders. The 80 nacelles and the electrical substation were manufactured in Saint-Nazaire, in the factories of General Electric Renewable Energy and Chantiers de l’Atlantique, respectively.
Keywords: Canada Pension Plan Investment Board.