OMNI Features｜BayWa r.e. and Elicio awarded by Franch Govt for the Country's First AO5 Large-Scale Floating Offshore Wind Tender．KSOE Invests in Philippines Subic Bay for Constructing Floating Wind Platforms

(Source: BayWa r.e.)

｜BayWa r.e. and Elicio awarded by Franch Govt for the Country's First AO5 Large-Scale Floating Offshore Wind Tender
On 15 May 2024, the BayWa r.e. and Elicio consortium were awarded the AO5 tender to build the Pennavel floating offshore wind farm. The 250 MW Pennavel will be the first commercial floating offshore wind farm in the world to be awarded a long-term Contract for Difference (CfD), said the consortium. The offer proposed by the consortium amounted to EUR 86.45 per MWh and was selected following the examination of all projects by the CRE (Commercial Real Estate).

In 2021, France opened the first tender for a commercial floating offshore wind project off the south of Brittany with a capacity of up to 270 MW. The consortium said the wind farm, the second floating wind project in Europe won by Elicio and BayWa r.e. after the 960 MW Buchan project in Scotland, would generate approximately 30 per cent of Brittany’s current renewable energy production and power over 450,000 inhabitants annually.

The Pennavel floating offshore wind farm is expected to generate around 4.5 million working hours during the construction phase and more than 30 permanent jobs during the operational one.

｜South Korean Shipbuilder KSOE Invests in Philippines Subic Bay for Constructing Floating Wind Platforms
South Korean shipbuilder HD Korea Shipbuilding & Offshore Engineering (KSOE) will construct a Philippine production hub for floating offshore wind power platforms with U.S. private equity group Cerberus Capital Management. HD Korea Shipbuilding & Offshore Engineering will lease part of a Subic Bay shipyard from Cerberus in a multiyear deal.

Subic Bay, on the west coast of the island of Luzon, is strategically important for its access to the South China Sea. It was formerly a major repair and supply base for the U.S. Navy and is now home to a Philippine naval facility. The Philippines has designated the area a special economic zone to promote its development. KSOE plans to export platforms from the Subic facility to Japan, Taiwan, Australia and Southeast Asia.。

Reference: offshorewind.biz｜Nikkei Asia