Three new investment funds — HPC Capital, PACA Investissement and CPG — and three existing shareholders — Demeter 3 Amorcage Fund, Emergence Innovation 1 Fund and the IO Group — stumped up a total of €3.8 million.
Two banks, BNP Paribas and Caisse d'Epargne, agreed a further €1.2 million loan financing.
This is in addition to a grant of €7.3 million from French environment and energy management agency Ademe.
The demonstrator, equipped with a Gamesa 2MW turbine, is scheduled to be installed at France's SEM-REV test site, off Le Croisic, in the autumn. It will be France's first turbine installed offshore.