BW Ideol and ADEME Investissement completes first financial closing for joint offshore floating wind development company
BW Ideol AS, a global leader in offshore floating wind, and ADEME Investissement, a state-owned French financier of innovative infrastructure projects, have today completed the first financial closing as planned with an initial investment of EUR 17.88 million in BW Ideol Projects Company SAS.
Following first closing, BW Ideol owns 75.81% of the projects company. ADEME Investissement will increase its holding over time as part of the announced EUR 40 million funding agreement. BW Ideol manages the development company through a service agreement.