Business News Wales  |

Subscribe to the daily newsletter updates

Banc-leaderboard-advert-1430px-x-145px_Equity
Openreach section sidebar

Dev-Bank Wales MBO

Checks-Direct-Sidebar

CIH-BNW-Under-Section-Sidebar
16 April 2024

Gwynt Glas Floating Offshore Wind Farm Sees New Partnership Formed


EDF Renewables UK is entering into a partnership with Irish renewable energy developer ESB, and global offshore wind investor, Reventus Power to develop Gwynt Glas Floating Offshore Wind Farm in the Celtic Sea.

The partnership sees EDF Renewables UK, ESB and Reventus Power each owning a 33.33% share. The partnership confirms the trio’s commitment to delivering floating offshore wind in the Celtic Sea and expects to bid in The Crown Estate’s Leasing Round 5. DP Energy remain a development partner in the project, leveraging their local presence and engagement.

The Gwynt Glas project team has been active in the Celtic Sea region for some time and made significant progress in maximising the opportunity including hosting supply chain events and successfully implementing an award-winning programme to inspire the future workforce, Destination Renewables.

Matthieu Hue CEO of EDF Renewables UK said:

“We are delighted to welcome ESB and Reventus Power onboard as our new joint venture partners to Gwynt Glas.

“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.

“We are fully committed to developing Gwynt Glas Floating Offshore Wind Farm, and look forward to delivering clean energy, supporting skilled jobs and boosting local economies.”

Jim Dollard, Executive Director, Generation Trading at ESB said:

“ESB is delighted to be joining two experienced partners in a collective effort to secure seabed rights in The Crown Estate Round 5 seabed allocation process.

“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.  I look forward to growing our relationship with EDF Renewables UK and I welcome the opportunity to work with Reventus Power.”

Michael van der Heijden CEO of Reventus Power said:

“We are delighted to join with EDF Renewables and ESB, two industry leading players, in the Gwynt Glas consortium. Together with our partners, we bring a deep understanding of the floating offshore wind market and we look forward to participating in the forthcoming UK Round 5 Leasing Round”

“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.”

 



Columns & Features:


Tourism
24 May 2024

How We Added Nearly £1bn to the Welsh Economy
Technology
24 May 2024

Why Wales is a Growing Epicentre for the Games Industry
People / Skills
24 May 2024

Bridging the Gap Between Education and the World of Work
Guest Author
24 May 2024

Why Worry About Zero Hours Contracts?

In Other News:

Business News Wales //