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EDF brings ESB and Reventus into 1GW Gwynt Glas

RICHARD HEAP

April 10, 2024

EDF Renewables has entered a joint venture with Irish utility ESB and CPP Investments subsidiary Reventus Power to develop the 1GW Gwynt Glas floating offshore wind farm in the Celtic Sea.

EDF has announced that each partner will hold a 33.3% stake in the development, which is set to participate in The Crown Estate’s fifth offshore wind leasing round. DP Energy previously partnered with EDF on the scheme and will remain involved as a development partner.

Matthieu Hue, chief executive of EDF Renewables UK, said the company was fully committed to the Gwynt Glas project.

“We already work with ESB on other projects, including Neart na Gaoithe, our offshore wind farm, currently under construction in the Firth of Forth and the Stornoway onshore wind farm in the Western Isles. We have a close relationship with the Reventus Power team, having a worked with them on Provence Grand Large, France’s first floating offshore wind farm,” he said.

Jim Dollard, executive director of generation trading at ESB, said: “As ESB drives towards its net zero by 2040 target, it is recognised that offshore wind will be a crucial contributor to that goal. Floating offshore wind in particular has the potential to really turn the dial, not just here in the UK but also in Ireland where we have one of the best floating offshore wind resources in the world.”

Michael van der Heijden, chief executive of Reventus Power, which became the dedicated global offshore wind development arm of the Canadian pension fund giant CPP Investments on Monday, said: “As Reventus Power expands its global offshore wind portfolio, this Celtic Sea opportunity aligns with our ambitions to originate and invest in the development of high quality offshore wind projects globally.”

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