Cherbourg's upgrade represents a EUR 30 million project, with ADEME contributing EUR 10.5 million, EUR 18.1 million from offshore renewable energy revenues, and EUR 1.4 million from the Cotentin Urban Community. The five-port funding package is expected to leverage nearly EUR 1 billion in total investment and targets the manufacture, assembly, and deployment of floating wind projects toward France's 6 GW by 2040 goal. The award follows France's launch of the AO10 tender for over 10 GW and European Commission clearance earlier this month for a EUR 63 billion, 25-year CfD scheme covering 11 offshore wind farms totaling up to 11.1 GW.
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The article breaks out Cherbourg's EUR 30 million project-level breakdown, a granularity absent from the earlier same-day announcements of the overall EUR 260 million allocation.