Ideol, JERA and Ademe Investissement have set up an investment vehicle dedicated to the financing of the development phase of at least 2 GW of floating offshore wind energy projects. The three partners say that they have joined forces to take advantage of “unique pioneering opportunities” and will develop “several” projects around the world over the next five years.

The projects will use Ideol’s patented Damping Pool floating offshore platform technology, Ideol said. The venture will target upcoming tenders for commercial-scale floating offshore wind farms in Scotland and France, Ideol added.

There are also a number of initiatives in markets such as Japan and the USA that confirm “the acceleration of floating wind as well as its legitimate place in the global energy mix”, the companies said. Paul de la Guérivière, CEO of Ideol, said: “This new milestone for IDEOL confirms the marketreadiness of our technology and shows the relevance of our unique business model as project codeveloper and co-EPCI contractor based on our technical excellence. We are particularly happy and honored to team up with JERA and Ademe Investissement, leading voices in two of the most strategic and pioneering markets for floating offshore wind that are Japan and France.”