BW Ideol, a global leader in offshore floating wind, and ADEME Investissement, a state-owned French financier of innovative infrastructure projects, have today entered into a final agreement for a EUR 40 million funding by ADEME Investissement of BW Ideol's project development activities.
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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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With a French Government grant of 5.7 million euros (as part of the “France 2030” program implemented by ADEME following the “DEMO Tase” call for projects), Velella has for objective to qualify several technology bricks & innovative methods needed to prepare the deployment of commercial floating wind projects under the best economic, social & environmental conditions.
This project will be a first in the MRE sector: each innovation will be driven by an eco-design approach, from life cycle analysis to recyclability and impact on the underwater environment. The Velella R&D project brings together multiple internationally recognized industrial and academic players: BW Ideol, as consortium and project leader, Centrale Nantes, the OPEN-C Foundation, IFREMER, ENSTA Bretagne and IVM technologies.
Following a year and half of feasibility studies carried out by our team of engineers, we're proud to demonstrate that we'll be able to deliver Damping Pool floaters equivalent to 1 GW per year at Ardersier Harbour.
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