Bloomberg News

Iberdrola Bids for French Wind Projects With Areva, Technip

January 12, 2012

(Updates with company comment in fifth paragraph.)

Jan. 11 (Bloomberg) -- Iberdrola SA, Spain’s biggest power company, submitted two bids with partners Areva SA and Technip SA to build wind projects off France, seeking to expand its 10,000 megawatts of global offshore capacity.

The combined installed capacity of the farms at Saint- Brieuc and Saint-Nazaire in western France may be as much as 980 megawatts, enough to power 1.2 million homes, the Bilbao-based company said today in a statement. Winning bids will be announced later this year.

France, which has no offshore wind power yet, proposes to install 6,000 megawatts, or about 1,200 wind turbines, by 2020 to boost energy output while limiting polluting emissions. Bids are due today for the first round of five zones with a combined capacity of 3,000 megawatts, which will require about 10 billion euros ($12.7 billion) of investment, government data show.

Iberdrola, whose bidding partners also include France’s Eole-Res SA and Neoen Marine, said Areva would build the turbines and Technip would conduct engineering studies and install the machines. The Spanish utility oversees projects with a total capacity of about 10,000 megawatts off France, Germany, England and Scotland.

“The submission of these bids for the sites at Saint- Brieuc and Saint-Nazaire is the first stage of a major challenge,” Keith Anderson, chief executive officer of Iberdrola’s Scottish Power Renewables unit, said in the statement.

Winning bids will be preselected in April, and a final decision made in 2013 once the companies confirm funding. The wind farms are scheduled to come into service from 2015 to 2020.

--Editors: Amanda Jordan, Stephen Cunningham

To contact the reporter on this story: Kari Lundgren in London at klundgren2@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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