About Maple Power
Maple Power is a market-leading developer of offshore wind projects in France.
Established in 2019 as a joint venture between CPP Investments and Enbridge Inc., Maple Power has successfully developed and constructed several offshore wind projects in France, with its long-standing partner EDF Renewables. This includes France’s first commercial-scale operational offshore wind project off the coast of Saint-Nazaire and France’s first floating offshore wind project, Provence Grand Large.
In 2023, Maple Power and EDF Renewables won the tender to build and operate the 1GW Centre Manche 1 project in Normandy. Maple Power continues to advance its bid development portfolio in France. In April 2024, CPP Investments and Enbridge Inc. confirmed they would pursue offshore wind opportunities outside of France separately.
Maple Power is committed to developing, contracting, financing, and investing in high-quality offshore wind projects in France. By working closely with our partners and key contractors, we deliver value throughout the entire project lifecycle, from origination through project development and construction.
Throughout all project stages, Maple Power commits itself to industry-leading standards of health, safety, quality, and environmental management.
Our headquarters are in Paris, France.
Update, 8th April 2024: A renewed focus for Maple Power Ltd
The shareholders of Maple Power Ltd, Enbridge Inc. and Canada Pension Plan Investment Board (CPP Investments), have agreed on a renewed focus for the business. Effective today, Maple Power will focus solely on its present and future portfolio of offshore wind projects in France.
Since 2019, CPP Investments and Enbridge have, through Maple Power, successfully developed and constructed several offshore wind projects in France. This includes France’s first commercial-scale operational offshore wind project off the coast of Saint-Nazaire and France’s first floating offshore wind project, Provence Grand Large.
Enbridge and CPP Investments remain committed to working together, through Maple Power, to deliver all French development and construction projects into operation. Maple Power continues to advance its bid development portfolio in France.
Maple Power’s team outside of France has been incorporated by CPP Investments into its Reventus Power business whilst Maple Power’s team in France has been incorporated into Enbridge’s Power business. Enbridge’s investments in Hohe See and Albatros (Germany), Rampion and Rampion Extension (UK), and Dunkerque (France) remain unchanged. Enbridge and CPP Investments have agreed to work together, outside of Maple Power, to explore investment opportunities in Poland.
About Maple Power’s shareholders
Enbridge
Enbridge safely connects millions of people to the energy they depend on every day, fuelling quality of life through our North American natural gas, oil and renewable energy networks and our growing European portfolio of offshore wind farms. We invest in modern energy distribution infrastructure to maintain access to secure and affordable energy, and draw on two decades of renewable energy experience to advance new technologies, including wind and solar power, hydrogen, renewable natural gas and carbon capture and storage. We are committed to reducing the carbon footprint of the energy we deliver and achieving carbon neutrality by 2050. Headquartered in Calgary, Alberta, Enbridge common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges.
CPP Investments
Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 22 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At December 31, 2023, the Fund totalled C$590.8 billion.