Ideol floats on 2GW investment

Ideol's floating technology has formed the foundation for a Franco-Japanese venture to finance 2GW of new offshore wind capacity.

Ideol has successfully tested its damping pool concept off Le Croisic on France's Atlantic coast

Japan’s largest utility company Jera and the French state-owned investment firm Ademe Investissement have announced an undisclosed finance package after backing Ideol’s patented Damping Pool technology.

The trio said it would be funding “several floating offshore wind projects” across the world over the next five years. Scotland and France are earmarked for potential investment, plus Japan and the US.

Earlier this year, France confirmed plans to become a “world leader” in floating offshore wind under its multi-year energy plan with a first offering for a 250MW site off south Brittany in 2021, while more floating wind is expected to be realised in Scotland's next leasing round following the success of the 30MW Hywind Scotland floating offshore wind project.

Adame CEO Arnaud Leroy said floating offshore wind would become a “substantial contributor to achieving future climate goals”.