The Investment Plan for Europe supports the construction of a wind farm off the French coast

 

The European Investment Bank (EIB) is co-financing the construction of the wind farm located off Courseulles-sur-Mer in Normandy to the tune of 350 €million.

The EIB's participation is guaranteed by the European Fund for Strategic Investments, the central pillar of the Investment Plan for Europe.

The project provides for the construction of 64 wind turbines with a capacity of 450 MW, which will produce the equivalent of the annual electricity consumption of 630,000 people, or more than 90% of the population of Calvados. Its commissioning is scheduled for 2024.

The site will mobilize more than 1,000 direct jobs in Normandy, particularly in Le Havre, where the wind turbines will be manufactured and then assembled. The project will also allow the creation of around 100 sustainable jobs in the port of Caen-Ouistreham in order to ensure maintenance operations.

Paolo Gentiloni, Commissioner for the Economy, said: “The Investment Plan for Europe supports the construction of a new wind farm in western France. This project will provide clean energy to some 630,000 people and thus create more than 1,000 jobs. This is a new step towards achieving our goal of climate neutrality by 2050 and this operation highlights the economic potential of measures in favor of the environment."

So far, the Investment Plan for Europe has mobilized over €546.5 billion in investment across the EU, including over €90 billion in France.

The press release is available online.