Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

EC to Fund France with Two Billion Euros for Developing Offshore Wind Projects

Wed 15 Feb 2023 | 11:54 AM
Ahmed Moamar

The European Commission (EC), under the laws to help member states overcome temporary energy crises, has approved a €2.08 billion French plan to support the production of offshore wind electricity.

That plan contributes to achieving France's energy and environmental goals as well as those related to the EU's renewable energy strategy and the European Green Deal.

The commission stated - in a press release published on its official website, that "France has notified it of its intention to support the construction and operation of a floating offshore wind farm in the sea off the coast of Brittany.

The assistance measure, which will last for 20 years from the operation of the wind farm in 2028, will have a maximum total budget of 2.08 billion Euros.

The floating offshore wind technology is in its initial stage in France; so far only small pilot projects have been developed. The floating offshore wind farm supported by this measure will be the first commercial project of this kind in France.

It is expected to have a capacity of 230-270 MW. and to generate 1 terawatt-hour of renewable electricity annually for 35 years.