Fecamp

EDF Renewables · wpd — wpd (German wind developer) was a founding member of the Fécamp consortium alongside EDF Renewables when the project was awarded in the French Round 1 tender in April 2012. wpd's 30% stake reflects its role as co-developer and original project originator for the Fécamp site. No deal value was disclosed; this was a tender consortium formation, not a secondary market transaction. wpd retained its 30% share through construction and operation. Note: wpd's offshore wind business was subsequently sold to GIP (Global Infrastructure Partners) and rebranded as Skyborn Renewables, but the Fécamp stake remained within the project structure under the wpd/Skyborn entity.

Enbridge acquired a 50% stake in Éolien Maritime France SAS (EMF), which jointly owned Fécamp with EDF Renewables (both holding 50% of EMF's 70% share). The remaining 30% of Fécamp was held by wpd as original co-developer. The total EMF consideration was CAD 282 million (approx. EUR 191m at 2016 CAD/EUR ~0.679) covering all three EMF projects (Saint-Nazaire, Fécamp, Courseulles). Enbridge's resulting effective stake in Fécamp: 35% (50% of EMF's 70%). The combined CAD 282m payment was undifferentiated across the three projects; individual project allocation is not possible. See Saint-Nazaire and Courseulles-sur-Mer companion records for full context.

As part of the multi-project EMF transaction, Enbridge sold 49% of its 35% stake in Fécamp to CPP Investments (49% of EMF's 50% of Fécamp's 70% = 17.15%), reducing Enbridge's direct effective share to 17.9% and giving CPP Investments 17.1%. Total consideration for all three EMF projects (Saint-Nazaire, Fécamp, Courseulles) was approximately EUR 80m upfront plus EUR 120m follow-on. Deal value cannot be disaggregated by project. Fécamp was pre-FID at announcement; FID was taken June 2020 and construction commenced. Fécamp reached financial close and started construction in June 2020. Ownership post-transaction: EDF Renewables 35%, wpd 30%, Enbridge 17.9%, CPP Investments 17.1%.