More news: Energy
Written by / Agency / Source: GDF SUEZ | ENGIE
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ENGIE and EDPR Sign An Alliance with Sumitomo Corporation for the Development of Offshore Wind Projects in Yeu-Noirmoutier and Dieppe-Le Tréport - Sumitomo Corporation acquires a 29.5% equity stake in the French offshore projects and will bring to the consortium its proven and complementary offshore wind expertise in terms of development, construction and operation [Euronext: EDPR] - EDPR.com
ENGIE and EDPR Sign An Alliance with Sumitomo Corporation for the Development of Offshore Wind Projects in Yeu-Noirmoutier and Dieppe-Le Tréport

 

NewswireToday - /newswire/ - Paris, Ile-de-France, France, 2018/12/18 - Sumitomo Corporation acquires a 29.5% equity stake in the French offshore projects and will bring to the consortium its proven and complementary offshore wind expertise in terms of development, construction and operation [Euronext: EDPR] - EDPR.com. FR0010 208488

   
 
 

As part of the alliance, Sumitomo Corporation acquires a 29.5% equity stake in the French offshore projects (Dieppe Le Tréport and Yeu Noirmoutier) and will bring to the consortium its proven and complementary offshore wind expertise in terms of development, construction and operation.

ENGIE (engie.com) remains the reference shareholder with a 31% stake and the leading industrial player of both parks (496 MW each), in partnership with EDPR (29,5%) and La Banque des Territoires (part of Groupe Caisse des Dépôts, 10%).

Sumitomo Corporation is a leading Japanese industrial group already strongly positioned in the wind energy sector in Japan, Europe, United-States, South-Africa and China. The company is also part of some major offshore wind projects in Belgium and in the United Kingdom, totaling an installed capacity of over 1.5 GW1.1

Sumitomo Corp is also one of ENGIE’s long-time trusted partners and co-investors in desalination and geothermal projects in the Middle-East and Indonesia.

Socio-industrial commitments remain confirmed. This new alliance underlines the attractiveness of the French offshore wind market and the implementation of a French Marine energy sector.

[1] In Belgium : Northwind (216MW in operation - 30%), Nobelwind (165MW in operation - 39%) and Northwester 2 (219MW under construction - 30%) and in Britain : Galloper (336MW in operation - 12.5%), Race Bank (573.3MW in operation- 12.5%)

About ENGIE

We are a global energy and services group, focused on three core activities: low-carbon power generation, mainly based on natural gas and renewable energy, global networks and customer solutions. Driven by our ambition to contribute to a harmonious progress, we take up major global challenges such as the fight against global warming, access to energy to all, or mobility, and offer our residential customers, businesses and communities energy production solutions and services that reconcile individual and collective interests. Our integrated - low-carbon, high-performing and sustainable - offers are based on digital technologies. Beyond energy, they facilitate the development of new uses and promote new ways of living and working. Our ambition is conveyed by each of our 150,000 employees in 70 countries. Together with our customers and partners, they form a community of imaginative builders who invent and build today solutions for tomorrow.

2017 turnover: 65 billion Euros. Listed in Paris and Brussels (ENGI), the Group is represented in the main financial (CAC 40, BEL 20, Euro STOXX 50, STOXX Europe 600, MSCI Europe, Euronext 100, FTSE Eurotop 100, Euro STOXX Utilities, STOXX Europe 600 Utilities) and extra-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

Investors relations contact: T: +33(0)1 44 22 66 29 - E: ir[.]engie.com.

About EDP Renewables

EDP Renewables (edpr.com) is a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer. With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 13 markets (Belgium, Brazil, Canada, France, Greece, Italy, Mexico, Poland, Portugal, Romania, Spain, the UK and the US). Energias de Portugal, S.A. (“EDP”), the principal shareholder of EDPR, is a global energy company and a leader in value creation, innovation and sustainability. EDP has been a Dow Jones Sustainability Index for 11 consecutive years.

About Sumitomo Corporation

(“SC”) (sumitomocorp.com) is a leading Fortune 500 global trading and business investment company with 108 locations in 65 countries and 22 locations in Japan. The entire SC Group consists of more than 900 companies. SC conducts commodity transactions in all industries utilizing worldwide networks, provides related customers with various financing, serves as an organizer and a coordinator for various projects, and invests in companies to promote greater growth potential. SC’s core business areas include Metal Products, Transportation and Construction Systems, Infrastructure, Media and ICT, Living Related and Real Estate, Mineral Resources, Energy, and Chemical and Electronics. SC has broad experiences in the development and operation of offshore wind projects and has stakes in three offshore wind projects in Belgium (Northwind, Nobelwind and Northwester 2) and in two projects being finalized in United-Kingdom (Galloper and Race Bank).

 
 
 

Written by / Agency / Source: GDF SUEZ | ENGIE

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


ENGIE and EDPR Sign An Alliance with Sumitomo Corporation for the Development of Offshore Wind Projects in Yeu-Noirmoutier and Dieppe-Le Tréport

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
Publisher Contact: Press Office - ENGIE.com 
+33(0)1 44 22 24 35 engiepress[.]engie.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any GDF SUEZ | ENGIE securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From GDF SUEZ | ENGIE / Company Profile


Read Energy Most Recent Related Newswires:

Enel Green Power España Starts Construction of 90 MW of New Wind Capacity in Spain
Strata Solar Achieves Zero Occurrences of Injuries in 2018
BASF to Partner with Adani to Evaluate Investment in Acrylics Value Chain in Mundra, India
GE's Haliade-X 12 MW Prototype to be Installed in Rotterdam
DSM North America Opens Newly Expanded 66 Acre Solar Field in Belvidere, New Jersey
ENDEL Completes its Range of Services for the Nuclear and Industry Sectors
Enel X Awarded Additional 156,9 MW of Demand Response Capacity in Italy
Enel Green Power Brings Online 620 MW of New Wind Capacity in the United States
Frost & Sullivan's Oil & Gas Innovation Council to Spotlight Completion Designs of the Future
GE Renewable Energy Selected by ReNew Power for 300 MW Wind Farm in India
ENGIE Strengthens its Leading Position for Technical Building Services in Germany with the Acquisition of OTTO Luft- Und Klimatechnik
Voith Wins Order to Supply Two StreamDivers - Small Hydropower Plant in Macedonia
GE Power and TransnetBW to Ramp Up Transmission Capacity in Southwest Germany
ENGIE and Arval Join Forces to Launch A New Electric Green Mobility Offer
Solar Power Companies Employ New Business Models to Generate Growth Opportunities and Overcome Price Barriers Finds Frost & Sullivan

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Limelon Advertising, Co.

Visit  BizJobs.com





 
  ©2019 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)