Pennavel announces Q ENERGY's acquisition of a stake in its capital

17 March 2026

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Pennavel, the project company in charge of the development of the floating offshore wind farm off the south of Brittany, announces 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. 

Read the full press release here.

About Pennavel

Formed by Elicio France, an international wind energy producer, and BayWa r.e. France, a renewable energy developer and solutions provider, joined by Q ENERGY, a European player in green energy, Pennavel was selected in May 2024 by the French State to develop the first commercial floating wind project off the coast of southern Brittany.  

With a capacity of 250 to 270 MW, the "Pennavel" floating wind project will be a pillar of the region's energy landscape. The park is expected to supply the equivalent of more than 450,000 inhabitants each year, contributing significantly to the region's energy supply.  

Picture : Jérôme Hilt, directeur de Pennavel et  Ken Ilacqua, Directeur Offshore de Q ENERGY.
Credits : Hélène Vauché