Engie, EDPR JV to Start Construction of Offshore-Wind Pilot Project in Mediterranean Sea
January 27 2022 - 7:17AM
Dow Jones News
By Giulia Petroni
Engie SA and EDP Renovaveis SA's joint venture, Ocean Winds,
said Thursday that it has reached a final investment decision on a
floating offshore-wind pilot project in the Mediterranean Sea,
marking the end of its development phase.
"This major step will allow the signing of contracts with the
main industrial and financial partners and the launch of the
project's actual implementation phase," the offshore-wind energy
company said.
The project, called "EFGL", involves the construction and
operation of three 10-megawatt floating wind turbines. The farm is
set to be commissioned at the end of next year and will operate for
20 years, Ocean Winds said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
January 27, 2022 07:02 ET (12:02 GMT)
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