The companies have entered into a partnership co-investment, which includes the construction and operation of 10 wind farms in the north-east and south-west of France. The collaboration was announced on Wednesday by Watson Farley & Williams, who was the advisor of the EWZ in the agreement.
Ostwind and EWZ are planning to install a total of 69 wind turbines in the vicinity of existing wind farms operated by public service of Zurich. The plants should have a combined output of approximately 450 GWh of electricity per year. They should be put in service by 2027.
EWZ said in a separate release that it would provide funding for the projects from a facility framework loan of 200 million CHF (210,9 million USD / 187,6 million EUR) for investment in renewable energy. The new wind farms will be the production of wind energy in the public service to approximately 1.5 TWh.
(CHF 1.0 = USD 1.054 / EUR 0.938)