Neoen Joins GDF Suez-EDP Consortium for French Wind Public Tender Offer

Neoen Group, a French company operating renewable energy generation projects, joined a consortium between French and Portuguese utilities GDF Suez (GSZ.FR) and EDP Renovaveis SA (EDPR.LB) to bid for tender offers for offshore wind farms in France.

MAIN FACTS:

- The consortium is made up of GDF SUEZ (47%), EDP Renovaveis (43%), and Neoen Marine (10%).

- Neoen Marine is a subsidiary of the Neoen Group (80% stake), which has operating and construction assets totaling 200 MW, and the Caisse des Dépôts (20%), and specializes in offshore renewable energy.

- Neoen Marine will provide the consortium with its recognized experience as a developer in the Yeu-Noirmoutier region and its local knowledge, including detailed analysis of the coastline, current usage, and technical aspects. With the support of Caisse des Dépôts, one of its shareholders, Neoen Marine will also strengthen the territorial anchorage already laid down by the consortium.

- The consortium will also rely on an industrial partnership with Areva (AREVA.FR) as regards the design and the construction of off-shore wind turbines.

-Write to Inti Landauro at [e-mail]

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