Eolfi, advised by Green Giraffe, is developing a 24 MW floating offshore wind farm in France, supported by the government's commitment to renewable energy expansion.

Target Information

The target of this deal is Eolfi, a prominent French offshore wind developer. Eolfi has been selected by the French government to develop a pioneering floating wind farm off the coast of Brittany, known as the Groix & Belle-Île project. This project, anticipated to be commissioned by 2021, encompasses four turbines of 6 MW each, summing up to a total capacity of 24 MW. Green Giraffe provided advisory services to Eolfi, particularly in developing a robust contractual structure with relevant suppliers to facilitate the project's success.

Industry Overview in France

The floating offshore wind industry in France is gaining momentum, driven by government support and the country's commitment to expanding renewable energy. As part of its energy transition policy, France aims to increase its offshore wind capacity significantly, with plans to produce up to 6,000 MW by 2030. The commitment to floating technology is noteworthy, given France's diverse seabed topographies, allowing for the deployment of these innovative installations beyond traditional fixed-bottom wind farms.

France is strategically located with vast maritime territories that provide enormous potential for wind energy generation. The government has implemented a series of tenders and funding mechanism