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France's EDF announced on Tuesday (May 10) that it will work with Canada's Enbridge to build three offshore wind farms, replacing Denmark's Dong Energy
, a potential partner.
In a statement, EDF said that Onkyo will acquire a 50% stake in Eolien Maritime France, which currently operates three offshore wind farms in France with a combined capacity of 1,400 megawatts
.
Upon completion of the acquisition, EDF and Onkyo will jointly own EMF
.
Enbridge, Canada's largest pipeline services company, said in an independent statement that the acquisition would cost C$282 million ($218 million), while the actual investment in the three wind farms could reach C$4.
5 billion (€3.
05 billion).
If the project goes smoothly, construction will begin in 2017 and be finally completed
in 2022.
EDF and Onkyo have been forming a partnership in Canada since 2012, operating four wind farms with a combined capacity of 830 MW
.
The partnership is an important step in EDF's expansion strategy, which plans to increase its renewable resource capacity from the current 28 GW to 50 GW by 2030
.
France's EDF announced on Tuesday (May 10) that it will work with Canada's Enbridge to build three offshore wind farms, replacing Denmark's Dong Energy
, a potential partner.
In a statement, EDF said that Onkyo will acquire a 50% stake in Eolien Maritime France, which currently operates three offshore wind farms in France with a combined capacity of 1,400 megawatts
.
Upon completion of the acquisition, EDF and Onkyo will jointly own EMF
.
Enbridge, Canada's largest pipeline services company, said in an independent statement that the acquisition would cost C$282 million ($218 million), while the actual investment in the three wind farms could reach C$4.
5 billion (€3.
05 billion).
If the project goes smoothly, construction will begin in 2017 and be finally completed
in 2022.
EDF and Onkyo have been forming a partnership in Canada since 2012, operating four wind farms with a combined capacity of 830 MW
.
The partnership is an important step in EDF's expansion strategy, which plans to increase its renewable resource capacity from the current 28 GW to 50 GW by 2030
.
