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Ideol sign Japanese MoU for floating wind

By: Matthew White 26/04/2018 Ideol

General Windfarms

Ideol and Acacia Renewables, a Japanese renewable energy development platform, wholly owned by Macquerie Capital, signed a Memorandum of Understanding (MOU) in March aimed at developing Japan’s first utility scale commercial floating offshore wind farm.

The companies are working together in the development of the project off the coast of Japan. The project will draw upon Ideol’s patented Damping Pool technology and Acacia’s experience in project origination, development and financing with the support of Macquarie Capital’s expertise in managing offshore wind assets. Construction is currently set for 2023.

David Povall, CEO of Acacia Renewables, says: “We are truly excited about the development of the energy sector and opportunities in delivering large scale offshore projects in Japan. Bringing into Japan the global renewables capabilities and experience will hopefully deliver a step change in the speed and cost of deployment.”

“We are extremely proud to have a global powerhouse recognize the pertinence of our technology which is particularly compatible with tomorrow’s very large wind turbines and increasingly higher local content expectations. The signing of such agreement clearly demonstrates that after 2 full-scale demonstrators on 2 different continents and a pre-commercial array we are now ready for the next stage: commercial-scale deployment. Our international and fully integrated team looks forward to taking on this new challenge in close partnership with Acacia’s and Macquarie Capital’s experts.” said Paul de la Guérivière, CEO of Ideol.

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Ideol sign Japanese MoU for floating wind

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