The pilot farm calendar

The big steps

July 2016: EolMed selected by the Government
September 2016: Launch of environmental studies
January 2017: Launch of dialogue
Before end of 2017: Commissioning of the FLOATGEN demonstrator
End of 2017: Filing of permit requests
Beginning 2019: Final investment decision (FID)
End of 2020 – beginning 2021: Commissioning

Project financing

The cost of the project is estimated at 215 million Euros. This amount includes all the studies necessary for the permit applications, the purchasing of machines, cables, and anchors, the construction of the floaters, the cost of offshore installation of this equipment, as well as the dismantling of the farm at the end of the concession (20 years). Connection to the gird is also included in this cost as it can be, exceptionally, managed by the consortium so as to meet the requirements of the RTE Electricity Network’s timeline.

The investment is composed of 25% capital, 50 % liability, and State aid (subsidies and reimbursable advances) up to 25% of the cost of the project.

The State’s call for projects provides winners with a purchase guarantee at a price determined by EDF, in the name of its public service obligations, for a length of 20 years.

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