Pennavel announces Q ENERGY's acquisition of a stake in its capital. Published by Abby Butler, Editorial Assistant Energy Global, Wednesday, 18 March 2026 10:00 Pennavel, the project company in charge of the development of the floating offshore wind farm off the south of Brittany, France, has announced the entry of Q ENERGY as a shareholder. This new shareholder strengthens the consortium, composed of Elicio France and BayWa r.e. France, with complementary experience, technical, and human skills. Its arrival is a continuation of the work and commitments carried out for more than 18 months by the Pennavel team with the continuous support of its shareholders. It reinforces Pennavel's ability to carry out a major energy project that creates value on economic, industrial, and ecological levels. As a new shareholder of Pennavel, Q ENERGY reinforces the project's ambition to contribute to the structuring of a local, sustainable, and competitive floating wind energy industry, recently reinforced by the renewal of the 'Breizh content' label. Pennavel reaffirms all the commitments made to its partners, institutional, economic, and associative shareholders, in a dynamic of dialogue, continuous consultation, rigorous consideration of anthropogenic and ecological issues, and creation of sustainable value for the Breton territory. Jérôme Hilt, Director of the Pennavel project, commented: "The arrival of Q ENERGY is a strong signal for Pennavel. It confirms the solidity of its fundamentals and the relevance of the work undertaken for more than 18 months by the team. We are delighted to welcome a new experienced shareholder who shares our values and our commitments to a pioneering, ecological, and value-creating project." Q ENERGY has been a long-standing presence in the French market and has been a pioneer in the development of offshore wind power for more than 20 years. In 2012, Q ENERGY was the winner of the Ailes Marines consortium in the first call for tenders for one of the first French offshore wind farms, in the bay of Saint-Brieuc. Consisting of 62 wind turbines for a total capacity of 496 MW, this project, commissioned in 2024, was developed by Q ENERGY and its partners up to the construction phase. A subsidiary of the Korean industrial group, Hanwha, Q ENERGY also benefits from unique synergies with Hanwha Ocean, a major player in global shipbuilding, particularly in the field of specialised vessels for offshore wind power. Ken Ilacqua, Offshore Director of Q ENERGY, noted: "We chose to join Pennavel for the quality of the project, the solidity of its foundations, and its strong territorial roots. It is a mature project, structured and aligned with our vision for the development of offshore wind power in France. We are pleased to be committed to working alongside Pennavel's teams to contribute to its success." For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine. Don't miss out on its final issue of Energy Global from 2025! The Winter issue begins with a regional report on Africa's energy future, with articles on topics such as wind turbine components, geothermal drilling & operations and energy storage technology. With contributors including Magnomatics, Flyability, Bachmann electronic GmbH, NOV, and more, don't miss out! Wednesday 18 March 2026 12:00 TERNA, Italy's national transmission system operator, has approved the grid connection for Airengy's 3 GWh battery energy storage project in the country. Embed article link: (copy the HTML code below):

Q energy joins elicio and baywa r.e.'s french floating wind project. By CEP Staff - 18 March 2026 in News Q ENERGY has acquired a stake in Pennavel, the company developing a floating offshore wind farm off southern Brittany, France. Not already a subscriber? As a subscriber, you have reached this page because you are not logged in.

Q ENERGY France and Hanwha Ocean enter pre-qualification for offshore wind bid in Nova Scotia. Together with its sister company Hanwha Ocean, Q ENERGY France, a Hanwha company, announced its participation in the pre-qualification process to participate in a call for bids for seabed licenses to develop offshore wind projects in Nova Scotia, Canada. This step underscores the company's ambition to contribute to Canada's clean energy transition through large-scale, sustainable offshore wind developments. As part of the Hanwha Group, one of South Korea's leading global business groups, Q ENERGY France brings over 25 years of experience in renewable energy alongside the wide-ranging industrial and technological capabilities of its parent company. Spanning energy & ocean solutions, defense and shipbuilding, aerospace & mechatronics, finance, and retail & services, Hanwha Group's diverse portfolio positions the group to make a significant contribution to the economic growth of Canada and Nova Scotia. Through the development of offshore wind projects, Q ENERGY France aims to support local supply chains, create skilled jobs, and foster innovation in the regional maritime and energy sectors. The company is committed to working closely with Canadian and Nova Scotian partners, communities, and stakeholders to ensure that its offshore wind activities deliver shared value, local industrial benefits, and sustainable growth. Hanwha Ocean's Energy Plant Unit has partnered with Q ENERGY to take part in the prequalification, as the company accelerates its expansion into the global offshore wind market, leveraging its shipbuilding and plant expertise to become a global EPCIO (Engineering, Procurement, Construction, Installation, and Operation) Player. This pre-qualification comes as Hanwha Group continues to expand its long-term engagement in Canada across multiple strategic sectors, including its participation in the high-profile Canadian Patrol Submarine Project (CPSP) as one of the two shortlisted bidders through Hanwha Ocean. Together, these initiatives reflect Hanwha's intent to invest across multiple sectors, leveraging its diversified portfolio to support industrial development, job creation, and national growth objectives. "As we enter the pre-qualification process for this offshore wind opportunity in Nova Scotia, we are proud to bring Q ENERGY France's expertise to Canada's energy transition," said Junu Lee, CEO of Hanwha's Q ENERGY. "We are focused on delivering high-quality offshore wind projects, while our mother company, Hanwha Group, through its diverse business areas, including defense supply, is well positioned to contribute also to the economic growth of Canada and the region, supporting broader industrial development alongside the clean energy transition."