Ireland - Tuesday 11/02/2020 – energiesdelamer.eu. The EDF Group has acquired a 50% interest in the Codling offshore wind farm project in Ireland from Hazel Shore. Its subsidiary EDF Renewables, dedicated to wind and solar energy across the globe, will now partner with Fred Olsen Renewables Ltd, which already owns 50% to develop and build the project.
The Codling project is located south of Dublin, 13 km off the coast of County Wicklow, thus benefiting from the favourable conditions for offshore wind off the east coast of Ireland. The initial development work started in 2003. Codling is spread across two sites, one of which,Codling 1, is consented. As an indication, the capacity of the project should be around 1 GW of installed capacity.
This acquisition comes after the Irish Government set out the country’s clear commitment to reduce carbon emissions. In fact, in July 2019, it adopted a Climate Action Plan which specifies, among other things, to grow renewables in order to provide 70% of electricity generation by 2030. And offshore wind is expected to deliver at least 3.5 GW in support of reaching this target. Over the next couple of years, project development will continue with the intention that Codling will make a significant contribution to achieving the Irish Climate Action Plan targets.
The EDF Group, is a major offshore wind global player. Its subsidiary EDF Renewables has a portfolio of offshore wind projects that exceeds 6 GW under operations, under construction and in development in the United Kingdom, in France, in Belgium, in Germany, in China and in the United States.
A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The Group is involved in supplying energy and services to approximately 39.8 million customers(1), 29.7million of which are in France. It generated consolidated sales of €69 billion in 2018. EDF is listed on the Paris Stock Exchange. (1)The customers were counted at the end of 2018 per delivery site; a customer can have two delivery points: one for electricity and another for gas
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