The new wind farm is part of Ocean Winds’ 2GW portfolio which is currently under construction. Credit: Nicholas Doherty/Unsplash.

Ocean Winds (OW) has taken a final investment decision (FID) on its 500MW Dieppe Le Tréport offshore wind farm in France.

The company noted that the 500MW project will see an investment of €2.7bn.

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In April 2023, the company also reached a FID on its French offshore wind project, Iles d’Yeu Noirmoutier, as well as achieving financial close on the 882MW offshore wind facility Moray West in Scotland, UK.

For the three projects, OW secured a total investment of €7.4bn, representing the company’s capacity and engagement to secure the construction, delivery and operation of the offshore wind farms.

OW is now ready to begin the construction works, which means that almost 2GW capacity of its portfolio is currently in the construction phase.

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Ocean Winds chief operating officer Grzegorz Gorski stated: “Securing financing for three offshore wind projects this month not only demonstrates our commitment to delivering clean energy and unlocking local opportunities, but shows our solution-driven experience and leadership in the offshore wind energy sector.

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“Despite the current global economic challenges, inflation and tension on the supply chain, we have renewed our commitment to the realisation of our projects – securing financing and demonstrating the confidence that the financial markets hold in the strength of our projects and us as the delivery partner.”

Since its inception in 2020, Ocean Winds has tripled its portfolio and reached 16.6GW total gross capacity.

In 2022 it achieved 8GW new capacity, more than half of which was floating technology.