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French, Japan to speed up commercial-scale floating offshore wind energy

French, Japan to speed up commercial-scale floating offshore wind energy

Both Japan’s largest utility company (JERA) and Frenchs state-owned investment company Ademe Investissement agreed to the partnership with Ideol, a global leader in floating offshore wind. The teaming up aimed at the acceleration of the commercial use of the floating offshore wind energy.

The three companies have agreed on the key terms for the establishment of an investment vehicle dedicated to the financing of the development phase of at least 2 GW of projects using Ideol’s patented Damping Pool® technology, the ESWind reports.

As the preliminary action plan says, the upcoming tenders for commercial-scale floating offshore wind farms in Scotland and France will be organized soon. The increasing number of initiatives in promising markets across the globe such as Japan and the US do confirm the acceleration of floating wind as well as its legitimate place in the global energy mix. In fact, few market-ready technologies demonstrating a proven and bankable track-record such as Ideol’s.

In order to take full advantage of such unique pioneering opportunities, JERA, Ademe Investissement and IDEOL intend to join efforts by establishing an investment vehicle to finance the development Phase One. It includes several floating offshore wind projects across the globe during the next 5 years, each time centred around IDEOL’s high-local content and highly competitive technology.

Offshore wind energy requires new technologies like Ideol’s Damping Pool®

As Satoshi Yajima from JERA said, the Japanese firm is positively assured by IDEOL’s high local content technology and we envision commercial-scale projects around the globe through this partnership.

Arnaud Leroy of Ademe showed his support of the new multinational wind project. “This partnership aims at financing first commercial scale projects and at supporting IDEOL’s technology as both will contribute to accelerate the competitiveness of floating offshore wind,” he said.

Commenting on the new agreement between Ademe, JERA and IDEOL, Paul de la Guérivière confirmed it is a new milestone for his company. Frankly, Ideol confirms its market-readiness of Damping Pool®, an innovative technology. In addition, Ideol shows the relevance of our unique business model as project co-developer and co-EPCI contractor based on its own technical excellence.

“We are particularly happy and honored to team up with JERA and Ademe Investissement, leading voices in two of the most strategic and pioneering markets for floating offshore wind that are Japan and France,” Paul de la Guérivière, Ideol CEO, said.