DCNS launches offshore offshoot
Marine renewables unit established with BPI France
French naval and defence specialist DCNS has established a dedicated offshore renewables business unit in partnership with state-backed investor BPI France.
DCNS Energies is 55% owned by DCNS, with BPI France taking a 36% stake through its SPI industrial fund.
The remaining 9% share is held by engineering outfit Technip and French bank BNP Paribas Development.
The four shareholders will provide a total of €100m of equity for the new unit led by former DCNS VP for energy Thierry Kalanquin.
DCNS Energies will focus on three areas: tidal through its subsidiary turbine fabricator OpenHydro, semi-submersible floating offshore wind foundations and ocean thermal energy conversion plants.
DCNS chief executive Hervé Guillou said: Chairman and CEO of DCNS: "The creation of DCNS Energies…will allow us to develop a French sector that creates jobs and added value on a global scale.”
Image: DCNS Energies chief executive Thierry Kalanquin (holding mic) (DCNS)