Through a memorandum of understanding with Kerogen Capital, which specialises in the offshore oil and gas sector, Ideol would initially target projects in the North Sea.
Ideol developed a floating foundation with a ‘damping pool’ design — which uses a ring encircling the turbine tower to reduce water movements around the platform — that it has successfully piloted off the coast of France.
It hopes to leverage Kerogen’s knowledge of offshore oil and gas markets, the developer’s CEO Paul de la Guérivière added.
Kerogen currently manages funds worth more than $2 billion.
Its clients include Zennor Petroleum and Hurricane Energy, oil and gas companies with interests in the UK North Sea, and Pandion Energy which focuses on oil and gas exploration on the Norwegian Continental Shelf, according to its website.
Ideol and Kerogen’s plans mirror Norwegian energy giant Equinor’s 88MW Hywind Tampen Hywind Tampen (88MW) Offshorebetween the Gullfaks and Snorre fields, Norway, Europe Click to see full details project — an 11-turbine floating wind farm in the Danish North Sea due to partially power five oil and gas platforms.