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ACCIONA Energía acquires major shareholding of Eolink

By: Tom Russell 30/05/2022 ACCIONA Energía

Floating General

ACCIONA Energía has acquired 24% of the capital of the French company Eolink, which is developing floating foundations for offshore wind energy.

The operation, subject to certain conditions, follows a financing round launched by Eolinkto to boost its floating offshore wind technology and take forward the maturation of its first 5MW unit as a commercial technology.

Eolink was created in November 2015 with the aim to develop an innovative floating wind concept where four arms replace the classic single mast supporting the turbine. According to Eolink, it allows for a lighter structure and a better distribution of the load, reducing installation and maintenance operations. In addition, the wind turbine’s anchoring system is designed to allow it to change its position naturally to face the wind,.

The first pre-commercial unit is expected to be installed at the SEM-REV test site, off the coast from Le Croisic (France), in 2023. With a height of 150 meters and a 5 MW capacity, Eolink’s floating wind turbine is expected to provide enough electricity to power 3,500 homes.

As a major shareholder, ACCIONA Energía's entry into the capital of Eolink is anticipated to strengthen the company's financial structure for its development in the short and medium term.

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ACCIONA Energía acquires major shareholding of Eolink

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