Japan’s largest utility company and a French state-owed investment firm have joined forces with floating wind firm Ideol to create a vehicle for financing 2 gigawatts of green power projects.
Jera, Ademe and Ideol said tenders for commercial-scale floating offshore wind farms in Scotland and France confirmed the acceleration of floating wind.
The trio will fund the development phase of several floating offshore wind projects across the globe in the next 5 years.
The projects will be centred on Ideol’s high-local content and competitive technology.
Satoshi Yajima, executive officer of Jera’s business development department, said: “Jera is enchanted to support the most promising floating foundation on the market and to be a part of its future inevitable success.
“We are positively assured by Ideol’s high local content technology and we envision commercial scale projects around the globe through this partnership.”
Ademe CEO Arnaud Leroy said: “We do believe that floating offshore wind is on its way to confirm its potential and become a substantial contributor to achieving future climate goals.
“This partnership aims at financing first commercial scale projects and at supporting Ideol’s technology as both will contribute to accelerate the competitiveness of floating offshore wind.”
Ideol CEO Paul de la Gueriviere said: “This new milestone for Ideol confirms the market-readiness of our technology and shows the relevance of our unique business model as project co-developer and co-EPCI contractor based on our technical excellence.
“We are particularly happy and honored to team up with Jera and Ademe, leading voices in two of the most strategic and pioneering markets for floating offshore wind that are Japan and France.”
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