Milton Financials: France set to receive offshore wind farm tenders.
France’s junior ecology minister Chantal Jouanno has told Milton Financials’ sources that the European nation is ready to consider proposals to develop offshore wind farms and the initial round of requests would be for proposals to provide three gigawatts (GW) of capacity as the country seeks to develop and increase experience in offshore wind technology.
"The investment for the first 3 GW of capacity could amount to €10 billion ($14 billion)," Milton Financials believes a source at the ecology ministry said.
"About 10 locations have been identified in the English Channel, the Atlantic Ocean and the Mediterranean Sea. The first offshore wind farms should start operations in 2015," the ministry spokesman said.
Turbine manufacturers such as Denmark’s Vestas Wind Systems, Germany’s Repower and the French firm Alstom are expected to be among the companies submitting tenders to develop the wind farms while a number of Frances leading utilities including EDF, GDF Suez and EDF Energies Nouvelles may all submit proposals to operate the projects, Milton Financials was told.
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