Iberdrola has acquired a 100% stake in the 496 MW Saint-Brieuc offshore wind project in France, aimed at bolstering its renewable energy portfolio.

Information on the Target

The Saint-Brieuc offshore wind project is a significant renewable energy development located off the coast of Brittany, France. This project has a total capacity of 496 MW and was awarded a feed-in tariff in 2012 as part of France's first round of offshore wind licensing. Through this initiative, the project aims to contribute to France's transition towards sustainable energy sources.

In early March 2020, RES, the previous stakeholder, divested a 22.5% minority stake in the project, which has now allowed Iberdrola to acquire full ownership, cementing its position in the burgeoning offshore wind sector.

Industry Overview in France

France has emerged as a key player in renewable energy, particularly in offshore wind projects, driven by strong government support and investment. Fo