Baringa congratulates EDF Renewables and Maple Power on winning French offshore wind tender for 1,000 MW project
9 June 2023
We are delighted that EDF Renewables and Maple Power have been awarded the fourth French offshore wind tender (AO4) to develop and operate the Centre Manche 1 project off the coast of Normandy. Baringa supported the consortium as a market advisor by providing insights and power market projections for the project.
With a total capacity of 1,000 MW, the Centre Manche 1 tender is the largest offshore wind project ever awarded and developed in France. Expected to come online in 2031, it will substantially contribute towards the ambitious targets set by the French Government in 2022 to operate 18 GW of offshore wind by 2035, and 40 GW by 2050.
This tender outcome will ensure the access to a clean, reliable, and competitive source of energy for French households and industry over the next decades.
We are proud to have supported EDF Renewables and Maple Power as a market advisor in this milestone project.
"The outcome of the French AO4 will contribute at the same time to the security of supply, diversification and carbon neutrality of the French power mix. We are proud to have assisted EDF Renewables and Maple Power on this project which once again confirms the key role of offshore wind to decarbonise the energy system and to fight climate change. We look forward to contributing to many more crucial projects that help addressing the complex challenges the energy sector faces today."
Francesca Tedeschi, Expert in European Power Markets
About Baringa
We set out to build the world’s most trusted consulting firm – creating lasting impact for clients and pioneering a positive, people-first way of working. We work with everyone from FTSE 100 names to bright new start-ups, in every sector.
You’ll find us collaborating shoulder-to-shoulder with our clients, from the big picture right down to the detail: helping them define their strategy, deliver complex change, spot the right commercial opportunities, manage risk or bring their purpose and sustainability goals to life. Our clients love how we get to know what makes their businesses tick – slotting seamlessly into their teams and being proudly geeky about solving their challenges.
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