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France's CRE to make Dunkirk recommendations in early May

Offshore wind turbines. Source: LICengineering (www.liceng.dk).

April 4 (Renewables Now) - French energy market regulator CRE will present in early May its recommendations to the government for the Dunkirk offshore wind project tender, according to an official.

CRE’s head Jean-Francois Carenco said so on Thursday, as quoted by Reuters, adding that he expects the tender to result in reasonable prices. The final decision will be made by the government and will be based on CRE’s recommendations.

There are a number of groups that have already announced their interest in the process. These include: the Vents de Dunkerque consortium, currently comprising Dutch utility Eneco, compatriot Van Oord, Diamond Generating Europe and Canada’s Boralex (TSE:BLX); the Dunkerque Eoliennes en Mer consortium formed by E.on SE (ETR:EOAN), Engie (EPA:ENGI) and EDP Renewables; and an industrial partnership named Moulins de Flandre, comprising oil major Royal Dutch Shell Plc (AMS:RDSA), France’s Quadran and Belgian marine contractor DEME. Denmark’s Ørsted A/S (CPH:ORSTED) and French oil and gas giant Total (EPA:FP) have joined Belgium's Elicio to launch a joint bid as well.

Last month, Boralex said it had decided to exercise an option to sell its interest in the Vents de Dunkerque consortium due to certain changes in the tender’s competitive conditions and risk profile.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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