Local equity investment in the Yeu-Noirmoutier wind farm

Vendée Energie, a company created at the instigation of local elected officials, has acquired a stake in the future offshore wind farm on the islands of Yeu and Noirmoutier.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Vendée Energie, a company created under the impulse of local elected officials, has entered the capital of the future offshore wind farm of the islands of Yeu and Noirmoutier, a local participation still unheard of for this type of project in France, announced Thursday the holders of the project.

This semi-public company, created twenty years ago by the will of elected officials in the Vendée region, now holds 0.5% of the consortium carrying the project, for nearly 3.5 million euros.

Alongside it are Ocean Winds (a joint venture between Engie and EDP Renewables, 60.25%), the Japanese SRPN (29.5%) and Eoliennes en Mer Participations (a subsidiary of Caisse des Dépôts, 9.75%).

The construction of the 62 wind turbines is scheduled to start in 2023, for an entry into service in early 2026.

“Becoming a shareholder in this project, which will produce the equivalent of the annual consumption of 800,000 people, i.e. more than the population of the Vendée, thanks to the energy of the ocean, is to reaffirm that the Vendée is making the energy transition the priority of priorities,” explains Alain Leboeuf, president of Vendée Energie and the Vendée departmental council, in the press release.

“Local involvement is key to the success of offshore wind and a source of opportunities for local industries and communities,” commented Grzegorz Gorski, Ocean Winds’ Director of Operations.

For Emmanuel Legrand, from the Banque des Territoires, “by becoming the first offshore wind farm project with an SEM in its capital, the Eoliennes en Mer des Iles d’Yeu et Noirmoutier demonstrate that it is possible to strengthen the inclusion of territories in large-scale projects.

The Vendée began its energy transition in 2000 with an onshore wind farm project. Today, more than 20% of the electricity and 10% of the gas consumed are produced by local green energies; the offshore park will allow the Vendée to produce 60% of its electricity.

Eurowind Energy is currently constructing nine projects in Germany, combining wind and solar, for a total capacity of 242 MW, thus strengthening its strategic investments in a key market.
Infinity Power will build a new onshore wind farm in Egypt with financing led by the EBRD and backed by several international partners.
Capstone Infrastructure has completed commissioning of the 192 MW Wild Rose 2 wind farm in Alberta, supported by long-term offtake agreements with Pembina Pipeline and the City of Edmonton.
German group Nordex has signed its first order in Ecuador to supply 19 turbines for a 112 MW wind farm, marking its entry into a little-developed Andean market.
Acciona Energía has sold its 65% stake in the Chiripa wind farm to Ecoenergía for an enterprise value of $80mn, as part of its international asset rotation strategy.
The global offshore wind market could more than double by 2030, driven by technological innovation, evolving marine substructures, and integration into high-voltage power grids.
Hive Hydrogen has received environmental authorisation for the Carissa Wind Energy Facility, now the largest permitted wind farm in South Africa with a planned capacity of 1,000 MW.
The financing supported by the European Investment Bank will enable GreenIT to develop its portfolio of onshore wind projects in Italy by 2028.
Indian wind turbine manufacturer Suzlon has secured an 838 MW contract from Tata Power Renewable Energy for a wind project spanning three states, marking its largest order of the 2025–2026 fiscal year.
With 816 MW of capacity and 140 turbines, Colbún’s Horizonte wind farm launched its commercial phase in early September after a gradual deployment over several months.
VSB Germany is developing over 800 megawatts of wind, solar, and storage projects, with 20% originating from repowering, confirming an investment strategy focused on optimising existing assets.
Danish group Ørsted will raise new funds through a rights issue to strengthen its financial structure and cover needs linked to the full ownership of the Sunrise Wind project.
Norway has received two bids for offshore sites in the Utsira Nord zone, marking a key step in the country’s floating wind development.
EDP Renováveis has completed the sale of twelve operational wind farms in France and Belgium to Amundi Transition Energétique for an enterprise value of €200mn ($215mn).
Vattenfall commits new investment to the Clashindarroch II onshore wind project, a 63MW site in Scotland set to begin construction in 2026 and deliver first power in 2027.
Alerion Clean Power enters the Irish market through the acquisition of an onshore wind farm in County Tipperary, as part of its 2025–2028 industrial plan.
Driven by China's acceleration, global wind capacity is expected to reach 170 GW in 2025, paving the way for a doubling of installed capacity by 2032.
Ocean Winds reaches a new milestone with the installation of the first foundation at the Dieppe – Le Tréport offshore wind farm, which will comprise 62 turbines supplying nearly 850,000 people.
Pennavel and BrestPort strengthen their partnership around the South Brittany floating wind project, aiming to structure industrial operations from 2030 at the EMR terminal of the port of Brest.
Van Oord has completed the installation of 109 inter-array cables at the Sofia offshore wind farm, marking a major logistical milestone for this North Sea energy infrastructure project.

Log in to read this article

You'll also have access to a selection of our best content.