Iberdrola, AREVA Sign MOU To Bid On Offshore Projects

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Iberdrola Renovables and AREVA have signed a memorandum of understanding (MOU) to jointly bid on two zones for offshore wind power development off the French coast.

Both companies have agreed to bid for two of the five areas that the French government has offered for competitive tender. The two zones would have a combined power of between 1 GW and 1.5 GW.

Under the agreement, if the companies are awarded these projects, AREVA will be the exclusive supplier of the turbines for the wind farms, while Iberdrola will be responsible for the start-up and operation of the facilities.

The French government recently announced its objective of reaching 6 GW of offshore energy by 2020.

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