EDF Renewables, the renewable energy subsidiary of the French energy company EDF, has formed a joint venture with DP Energy, an international renewable project developer, to produce up to 1 GW of floating offshore wind power in the Celtic Sea. The project will almost certainly cross English and Welsh waterways. Gwynt Glas, a floating offshore wind farm, will supply enough energy to power 927,400 homes. This is expected to contribute significantly to the Crown Estate’s 4 GW capacity plans in the Celtic Sea. 

As per a company statement, the partners have identified an area of interest encompassing some 1,500 square km, approximately 70 km from shore. In the coming weeks, the project team will also interact with key stakeholders and interested parties to refine the proposed site location.

In December 2021, EDF Renewables, had been chosen by Peruvian consultant Energy Partners to develop, build, and operate a 100 MW/100 MWh solar-plus-storage project for the city of Iquitos, Peru. Electro Oriente, a local utility, agreed to a 20-year power purchase agreement with EDF Renewables for the project. The facility, according to the French business, would start delivering power in 2026 at a lower cost than diesel.

REGlobal’s Views: United Kingdom remains an attractive investment hotspot for large players with its massive potential for developing offshore wind farms.