Japan’s largest utility company, JERA, Ademe Investissement, a French state-owned investment company and floating wind specialist Ideol have agreed terms for establishing an investment vehicle dedicated to financing the development of at least 2 GW of floating wind projects
The partners in the plan will use Ideol’s patented Damping Pool technology in the floating wind projects they develop and plan to target upcoming tenders for commercial-scale floating offshore windfarms in Scotland and France, and what they describe as “an increasing number of initiatives in promising markets around the globe,” including projects in Japan and the US.
JERA, Ademe Investissement and Ideol intend to establish an investment vehicle to finance the development phase of several floating offshore wind projects in the next five years.
JERA business development executive officer Satoshi Yajima said JERA is excited to support “the most promising floating foundation technology on the market and we envision commercial-scale projects around the globe through this partnership.”
Ademe Investissement chief executive Arnaud Leroy said, “We believe that floating offshore wind is on its way to confirming its potential and becoming a substantial contributor to achieving future climate goals. This partnership aims at financing commercial-scale projects, supporting Ideol’s technology and accelerating the competitiveness of floating offshore wind.”
Ideol chief executive Paul de la Guérivière said, “This confirms the market-readiness of our technology and shows the relevance of our unique business model as project co-developer and co-EPCI contractor.”