Iberdrola, AXA Partner for 1-GW French Offshore Auction

Researched by Industrial Info Resources (Sugar Land, Texas)--Renewable energy company Iberdrola (Balboa, Spain) has signed a memorandum of understanding with investment firm AXA IM Alts (Paris, France) to collaborate on the upcoming La Manche offshore auction tender, which involves the award of approximately 1 gigawatt (GW) of offshore wind in Normandy, France.

The award is planned for first-quarter 2023. The windfarm is expected to be fully commissioned by 2028. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power project and plant databases can click here for a detailed project report and click here for the related plant profile.

Other companies and consortia involved in this tender are EDF Renouvelable and Maple Power, Ocean Winds (a joint venture of Enbridge and Canada Pension Plan Investment Board), a consortium formed by the Total and RWE groups; and a consortium of Vattenfall, WPD, and the Banque des Territoires.

The auction is part of a wider plan by the French government, which under the Multiannual Energy Programme, is in the process of putting 8.75 GW of offshore wind capacity out to tender by 2028.

Industrial info is tracking 24 offshore wind projects, worth US$43.65 billion, in France. Subscribers can click here for a list of detailed project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).