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BW Ideol acquires ownership in EolMed floating project

By: Tom Russell 01/12/2021 BW Ideol

General Windfarms

BW Ideol has signed an agreement to acquire a 5% ownership in the 30 MW EolMed floating wind pilot project in the French Mediterranean.

Located in the Mediterranean Sea, off the coast of Gruissan in the Aude region, EolMed is one of four floating pilot farms under development in France. It will consist of three Vestas V164-10 MW wind turbines with a total capacity of 30 MW and will be able to meet the energy needs of 50,000 people. The wind turbines will be installed on floating foundations more than 18 km from the shore and anchored at an average depth of 60 metres.

The square-shaped floating foundations, each with a central opening, have been manufactured to Ideol’s patented Damping Pool design, which reduces swell impact. The wind turbine is fixed at the back of the floater.

BW Ideol and Qair have been cooperating on the EolMed project since 2016 and the early development stages when the French government awarded the project on including BW Ideol’s floating wind technology. Since 2020, TotalEnergies Renewables acquired a 20% ownership in the project.

“We are very pleased to further support the development of this flagship project and join EolMed’s existing shareholders. By licensing our floater technology, providing design and engineering services and becoming a co-shareholder of the project, we are both executing our long-term growth and value creation strategy as well as strengthening our project portfolio and our unique access to a valuable return of experience”, said Paul de la Guérivière, the CEO of BW Ideol.

The EolMed project is progressing towards final investment decision (FID) with an expected start of construction in early 2022.

For more information on floating offshore wind farms worldwide, click here.

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BW Ideol acquires ownership in EolMed floating project

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