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BW Ideol board

BW Ideol welcome experts and internationally recognized leaders in its board

BW Ideol announced yesterday the final composition of its new board, with a majority of independent directors. The management will benefit from the support and guidance of five reputable and experienced international leaders from the maritime, offshore wind and banking industries.

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BW Ideol

Announcement of new tenders for floating wind in the Celtic Sea and confirmation of Scotwind tender’s timing and process


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BW Ideol

Ideol is now becoming BW Ideol

Ideol is now becoming BW Ideol, with the same team, the same technology and with the company’s founders as substantial shareholders. BW Ideol will benefit from BW Offshore’s extensive experience in executing and operating offshore energy production systems and will be in a unique position to accelerate its growth and to confirm its leading position in this booming market.

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BWIdeol

BW Offshore invests in Ideol creating floating offshore wind champion

Transaction highlights:

- BW Offshore to invest EUR 60 million in Ideol S.A., creating BW Ideol, a global integrated floating offshore wind company with proven technology and market-leading capabilities
- BW Offshore expects to own ~50% of BW Ideol post a contemplated capital raise and listing as a separate company on Euronext Growth
- Targeting completion of the private placement and listing by end-March with BW Offshore as an anchor investor and industrial partner
- BW Offshore’s experience in developing and operating offshore production systems and capital markets access is highly complementary to Ideol’s floating offshore wind IP and expertise
- Creating a strong platform for a floating offshore wind business with accelerated growth potential as a technology and EPC provider, and developer and operator of wind power projects

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floating offshore wind

Floatgen breaks new records in 2020

Floatgen, the 2 MW floating wind turbine, installed at the Sem-Rev test site (off Le Croisic), produced 14% more power in 2020 than in 2019, reaching an annual total of 6.8 GWh.

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