The award is the outcome of a competitive tender process initiated in 2021 for an offshore floating wind project with a capacity between 230 and 270MW, located in the south of Brittany off the coast of Lorient.

The ‘Pennavel’ floating offshore wind project is expected to generate approximately 30% of Brittany’s current renewable energy production and power over 450,000 inhabitants annually, making a significant contribution to the region’s sustainable growth.

Pennavel will be the first commercial floating wind farm in the world to be awarded a long-term Contract for Difference (CfD). The project benefits from a secured grid connection with RTE, the French transmission system operator, who is responsible for the transmission assets including offshore substation and export cables.

It is the second recent success in floating wind in Europe by Elicio and BayWa r.e. following the 960 MW Buchan Offshore Wind farm off the north-east coast of Scotland, together with a third partner.

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