Universal Registration Document 2020

EDEN Renewables also expanded its portfolio of projects, notably by winning the following projects between April and July 2020:

• two 450MWp⁽¹⁾ solar PV projects during the last tenders organised by the Solar Energy Corporation of India (SECI VIII and SECI IX);
• one 450MWp ⁽¹⁾ solar PV project during the last tender organised by the National Hydro Power Corporation (NHPC), for which a 25-year Power Purchase Agreement (PPA) was signed with NHPC at the end of August 2020.

With expected output of more than 2,300GWh per year, these solar PV plants will generate the energy required to meet the annual electricity needs of nearly 2 million people in India.

Construction of the plants is due to start during the first half-year of 2021 and commissioning is expected in 2022-2023.

EDF Renewables, Enbridge and wpd start construction of the Fécamp offshore wind farm

On 2 June 2020, EDF Renewables, Enbridge Inc., a leading energy infrastructure company in North America, and wpd, a European renewable energy company, announced the start of construction for the Fécamp offshore wind farm following the finalisation of financing agreements between the consortium and its financial partners.

The 500MW Fécamp offshore wind farm will be composed of 71 wind turbines located between 13km and 22km from the coast of northwest France. Project commissioning is scheduled for 2024.

The total project capital cost is estimated at €2 billion, mostly to be financed through non-recourse project level debt. Fécamp offshore wind farm is underpinned by a 20-year power purchase agreement (PPA) granted by the French state in June 2018.

All the project partners possess considerable experience in offshore wind farms and in the delivery of large-scale industrial projects:

• EDF Renewables, which owns 35% of the project through Éolien MaritimeFrance, brings its expertise in the development, construction and operation of renewable energy projects, including in the offshore wind sector;
• Enbridge Inc., which owns 35% of the project through Éolien Maritime France, is a leading North American energy infrastructure company;
• wpd offshore, which owns 30% of the project, is one of the pioneers and leaders of offshore wind power.

Partnership between EDF and CEI groups for construction and operation of offshore wind power projects in China

On 2 June 2020, EDF and China Energy Investment Corporation (CEI) announced anew step in their industrial partnership through the conclusion of an agreement of the joint venture agreements for the Dongtai IV and V projects. The new joint venture is now building and operating 502MW of offshore wind power projects off the coast of Jiangsu Province (north of Shanghai), China.

The agreement concerns Dongtai IV, a 302MW wind farm fully commissioned in December 2019 and Dongtai V, a 200MW project now in construction and due to be commissioned in 2021. Together, the partners will continue the construction of the Dongtai V offshore wind farm and carry out operations and maintenance for both facilities. These projects are the EDF group’s first offshore wind projects in China.

The Group has taken a 37.5% stake in the joint venture through its subsidiaries EDFRenewables and EDF (China) Holding Ltd., while CEI group continues to hold the rest of the capital through its subsidiaries Shenhua Renewable and Shenhua Clean Energy Holdings.

The joint venture is accounted for by the equity method in the Group’s consolidated financial statements.

Changes in the scope of consolidation are presented in note 3.1.1, particularly the principal acquisitions in renewable energies in 2019.