IDEOL use €10m invested in floating offshore wind industry

These funds will enable IDEOL to build and install France’s first offshore wind turbine near Nantes and will help accelerate its international development. R&D activities will be boosted in order to increase the  company’s  patent  portfolio  and  further  optimize  the  cost  competitiveness  of  the  company’s
solution.

IDEOL’s solution is a game changer leading to a dramatic reduction of  floating offshore wind  costs. It allows  for  the  development  of  offshore  wind  farms  without  any  depth  constraints  whilst  taking advantage of increased wind resources and reducing the visual impact from land.

The success and the rapid closing of this operation is an indication of the level of confidence a wide variety of investors have in the exceptional potential of IDEOL’s solutions in such a rapidly emerging international market » says Paul de la Guérivière, CEO.