The European Commission has approved, under EU State aid rules, a €2.1bn French measure to support offshore wind electricity production in France. The country plans to support the construction and the operation of a floating offshore wind project off the coast of the South of Brittany, which is expected to have a capacity of 230 to 270 MW, and to generate 1 TWh of renewable electricity per year for a period of 35 years.
The beneficiary of this measure will be selected through a transparent and non-discriminatory bidding process, where bidders will compete mainly on the basis of the amount of aid per MW of installed capacity. The beneficiary is planned to be designated in the second semester of 2023. It will then receive a monthly variable premium under the model of a two-way Contract for Difference (CfD), receiving or paying the difference between the reference price offered in the bid ("pay as bid") and the market price. The aid measure will run for a period of 20 years starting of the operation of the project in 2028.
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