Paris, May 10, 2016 – Canada’s energy producer, listed on the Toronto and New York stock exchanges, and EDF EN France SAS have today announced the acquisition by Enbridge of a 50% interests in Eolien Maritime France SAS from EDF EN France SAS. Closing of the acquisition is expected to occur on or about May 19, 2016. After the closing of the transaction, Eolien Maritime France shall be co-owned by Enbridge and EDF EN France, a subsidiary of the EDF group dedicated to renewable energy.
Eolien Maritime France SAS is dedicated to the development and operating of the three offshore wind farms located off the coasts of Courseulles-sur-Mer, Fécamp and Saint-Nazaire, totalizing 1,400 megawatts (MW) of installed capacity. Subject to Enbridge taking positive financial investment decision on each project individually, the Company would potentially invest up to CAD$4.5 billion (ca. EUR3 billion) in total for all three projects. Construction is planned to gradually start from 2017.
Jeantet assists Enbridge on the overall legal and transactional aspects of the project with Karl Hepp de Sevelinges, partner, and Ingrid Fauvelière, counsel, and Ruben Koslar, associate (M&A), Philippe Malléa, partner, and Hélène Brajou, counsel, (public law) and Jean-Guillaume Follorou (tax), together with the Canadian law firm McCarthy Tétrault with Philippe Fortier, partner, and Jeremy Busch-Horwell, associate.
EDF EN France is advised by Clifford Chance Paris with Laurent Schoenstein, partner, and Olivier Jouffroy, counsel, and Thierry Diouf, associate, (M&A), and Gauthier Martin, counsel (public law).
The financial aspects of the transaction are reviewed by Société Générale Corporate Investment Banking (Christophe Bordes and Goekhan Goekdas) and Access Corporate Finance (Alexandre Chavarot) for Enbridge and BNP Paribas (Nicholas Bach and Alexis Meheut) for EDF EN France.