448MW Courseulles-sur-Mer Offshore Wind Farm
26th February 2021
DWPF provided model audit advice to EDF Renewables, Enbridge, and wpd on the financing of the 448MW Courseulles-sur-Mer Offshore Wind Farm in France.
The 448-MW Calvados offshore wind project is comprised of 64 wind turbines located more than 10km from the Bessin coastline and occupies a total surface area of approximately 45km². Upon its commissioning, scheduled in 2024, it will generate the equivalent of the annual electricity consumption of 630,000 people, or over 90% of the Calvados French department’s population.
The total project cost is estimated at around €2 billion. The majority will be financed through non-recourse project finance debt. The Calvados offshore wind farm holds a 20-year power purchase agreement (PPA) granted by the French government in June 2018.