French Neoen joins GDF Suez to bid in offshore wind energy tender

Sep 23, 2013 - French renewable energy company Neoen, controlled by holding company Impala, said today it will join the consortium led by utility GDF Suez (EPA:GSZ) to participate in the second French tender for offshore wind power, via its unit Neoen Marine.

Neoen Marine, in which state-owned financial institution Caisse des Depots (CDC) is also a shareholder, will hold an interest of 10% in the project, while GDF Suez owns 47% and Portuguese EDPR (ELI:EDPR) owns 43%.

French nuclear group Areva (EPA:AREVA) has been selected to provide the turbines.

The tender, launched in January 2013, concerns two farms of 500 MW each, off the coasts of Treport, northern France, and Noirmoutier, western France.

The bids have to be submitted by the end of November.

Neoen Marine will provide the consortium with its experience as a developer in the Yeu-Noirmoutier region and its knowledge of the coastline.

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