BW Ideol, a company specializing in floating offshore wind solutions, has signed an investment agreement with the Japanese JERA and the French ADEME Investissement to create an investment company intended to finance the co-development of offshore wind projects using the technology patented Damping Pool by BW Ideol over the next 5 years. years.
JERA is Japan’s largest utility company and ADEME Investissement is a French public investment company aimed at financing innovative infrastructure projects funded by the Future Investment Program.
As part of the operation, BW Ideol will hold 51% of the new entity, with JERA and ADEME Investissement each holding 24.5%.
“We are honored to have signed the investment agreement with JERA and ADEME Investissement. This agreement solidifies our strong relationship with JERA, Japan’s largest utility company and an established player in offshore wind developments, particularly in Japan and Asia. We are also happy to further consolidate our relationship with the Program d’Investissement d’Avenir (sponsor of ADEME Investissement) which partnered with BW Ideol in the financing of its Floatgen demonstrator.
“This tripartite collaboration reflects our joint ambition to fully capitalize on the opportunities created by the rapid growth of the offshore floating wind market by leveraging BW Ideol’s growth strategy as a co-developer of floating wind projects based on our unique floating foundation technology,” said Paul de la GuériviereCEO of BW Ideol.
JERA General Manager Satoshi Yajima said: “Floating offshore wind has great energy potential and is expected to play an important role in expanding the introduction of renewable energy in the future. We believe that this agreement between the three companies will accelerate the development of floating offshore wind and open the possibility of using offshore energy in Japan and other regions with limited potential for fixed bottom offshore wind.” .
“We believe that floating offshore wind is poised to confirm its potential and become a substantial contributor to meeting future climate goals. This partnership aims to fund first commercial-scale projects and support BW’s technology Ideol because both will contribute to accelerating the competitiveness of floating offshore wind power” declared Arnaud Leroy, CEO of ADEME.