Ocean Winds sells minority stake in French offshore wind farm

Construction is currently in its final stages, with first power generated in June 2025. More than two-thirds of the turbines have now been installed and are supplying electricity.

Following this transaction, the revised shareholder structure sees Ocean Winds retaining 40 per cent. The remaining stakes are held by Sumitomo (29.5 per cent), Allianz (20.25 per cent), Banque des Territoires (9.75 per cent), and Vendée Energie (0.5 per cent). Ocean Winds is a 50/50 joint venture between EDP Renováveis and Engie.