OWC Supports Investment in French Floating Wind
Technical due diligence supporting Q Energy in its acquisition of a stake in Pennavel floating wind
OWC’s team in technical advisory and due diligence, has supported Q ENERGY France in its acquisition of a stake in the Pennavel floating offshore wind project awarded by the French state in the AO5 tender. Pennavel is set to become France’s first commercial-scale floating offshore wind farm.
Located off the coast of Southern Brittany, the Pennavel project has a planned capacity of 250 MW and is expected to supply renewable electricity to the equivalent of more than 450,000 households once operational.
“Supporting investors and developers with robust, independent technical due diligence is essential to unlocking critical investment for floating wind energy, which is at a turning point in the offshore wind market. We are proud to support Q ENERGY in progressing one of France’s most significant floating wind developments.”
Hakim Mouslim, Regional Director for OWC in Europe and Africa
How OWC Supported
OWC’s offshore wind specialists provided technical due diligence alongside Green Giraffe, that helped Q ENERGY assess key technical, delivery and risk considerations for the Pennavel project, ultimately, enabling an informed investment decision.
Services included project technical and cost due diligence for topics covering WTG, floaters, cables & grid connection, as well as geo‑consulting and reviews of future transport and installation (T&I) plans.
A Significant Step for French Floating Wind
The acquisition strengthens the Pennavel consortium, alongside Elicio France and BayWa r.e. France, and marks an important milestone in advancing French commercial‑scale floating offshore wind, with relevance for other emerging floating wind markets.
“Floating offshore wind is a strategic pillar of France’s energy transition. Pennavel – close to Brittany and the Pays de la Loire, as well as to our own office in Nantes – plays a critical role in advancing this strategy. Further, it will be significant in boosting investor confidence in innovative technology for the wider development of grid-scale floating wind.”
Pierrick De Belizal, Country Manager for OWC France
OWC is the specialist renewable energy consultancy arm of global consultancy ABL Group, specialising in technical and commercial due diligence for offshore and onshore wind, as well as energy storage and conventional renewables including solar PV.
Unlock Investment for your Renewable Project with OWC Technical Due Diligence
Find out more about OWC’s award-winning technical due diligence services, which have supported more than 100 GW of renewable energy projects worldwide, or contact OWC France to discuss your project and our support.