Watson Farley & Williams (WFW) has advised project company Eolmed, whose main shareholders are Qair Marine, TotalEnergies Renewables and BW Ideol, on the structuring and negotiation of the non-recourse financing of the 30 MW Eolmed floating offshore wind farm located off the French Mediterranean coast near Gruissan.
Developed by Qair Marine and including three Vestas turbines, its construction will start by the end of 2022. The debt financing is made available by La Banque Postale, Bpifrance and BPCE Energeco as commercial lenders, the European Investment Bank and the French Environment and Energy Management Agency ADEME.