Crédit Agricole CIB supports its clients through two energy transition projects

Green finance

The two UK offshore wind projects, known as Morgan and Mona located in the Irish Sea approximately 20-30kms from the coast, have a potential combined production capacity of 3GW.

bp has set out an ambition to be a net-zero company by 2050 or sooner, and to help the world get to net zero. bp has set out a strategy for delivering this ambition. bp is focused on delivering its transformation into an integrated energy company, helping to provide the energy the world needs today, and investing in the energy transition. 

Energie Baden-Württemberg AG (EnBW) is one of the largest energy supply companies in Germany and is currently supplying electricity, gas, water and energy solutions, and energy industry services to around 5.5 million customers. EnBW aims to strengthen its position as a sustainable and innovative infrastructure partner. 

These two leading energy players are dedicated to energy transition and low carbon business models, on their strategic offshore wind projects, known respectively as Morgan and Mona. These wind farms are located in the Irish Sea, 20-30kms from the coast, spanning a combined area of ~580 km2. They have a potential production capacity of 3 gigawatts (GW). It is estimated that they’ll have the potential to provide enough electricity for around 3.4 million UK households annually.

Morgan and Mona aim to contribute to the Government's commitment of 50GW of offshore wind by 2030.

We are supporting our clients as sole debt financial adviser. This landmark transaction demonstrates our expertise and commitment as one of the leading players in renewable energy project financing.

Sources: enbw-bp website

The successful award of these two strategic advisory mandates by bp and EnBW is the result of excellent coordination across teams in order to leverage off our growing power sector advisory expertise and strong client relationships.

Quentin Slight

Structured Finance Advisory – Power

We are proud to be the advisor on both these projects which support two clients own energy transition strategies, whilst also supporting the UK’s Net Zero Ambitions.

Matthew Goodall

Managing Director - Energy Coverage

We are delighted to be supporting two market leading strategic developers within the Offshore Wind sector. Once both projects are operational, the combined potential generating capacity of 3GW is estimated to be sufficient to power the equivalent of around 3.4 million UK households with clean electricity.

Daniel Feigin

Managing Director – Energy and Real Assets (Power and Utilities)

Green finance

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