Financing

BW Offshore signed on the 17th of February 2021 a share purchase agreement to become a strategic owner of Ideol S.A., creating a renewable energy company with market-leading capabilities based on in-house developed and proven technology, supported by BW Offshore’s extensive experience from development and operation of offshore energy production systems.

Ideol S.A. has become a wholly owned subsidiary of a new entity named BW Ideol, as a globally leading fully integrated developer of large-scale floating offshore wind projects.

The BW Ideol company is listed on the Oslo Stock Exchange since March 18, 2021. 

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Iberian Peninsula

BW Ideol teams up with Elawan Energy for multi-GW floating offshore wind projects in the Iberian Peninsula

BW Ideol has signed a Head of Terms with Elawan Energy, an ORIX company based in Spain, for the joint development of a multi-GW floating offshore wind pipeline off Spain and Portugal, subject to further negotiation of the final agreement between the Parties.

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BW Ideol

BW Ideol entered into exclusive negotiations to raise € 40 million from ADEME Investissement to co-fund the growth of its project development activities

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Floatgen BW ideol

Floatgen achieves continuous capacity factor of nearly 60%

BW Ideol is pleased to announce continuously strong operational results from its 5-year-old Floatgen demonstrator, showing a capacity factor of nearly 60% over the last three months and a production of 25GWh since its 2018 commissioning.

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