Floatgen achieves continuous capacity factor of nearly 60%

BW Ideol is pleased to announce continuously strong operational results from its 5-year-old Floatgen demonstrator, showing a capacity factor of nearly 60% over the last three months and a production of 25GWh since its 2018 commissioning.

France’s first and only floating wind turbine continues to prove its reliable performance capabilities and delivered an average capacity factor of 59.2% over a 3-month period ranging from November 2022 to January 2023. The 25 GWh-milestone was reached just after the major Atlantic storm Gerard in late January. The Floatgen turbine, mounted on BW Ideol’s patented Damping Pool® foundation, handled wind speeds up to 37.30 metres per second (equivalent to 134 km/h) and up to 5.5 metres of significant wave height (equivalent to around 10.5 meters maximum wave height).

“Floatgen – one of the few floating wind turbines currently in operation across the globe – continues to deliver outstanding results in terms of reliability, efficiency and production. It keeps on validating the merits of our unique floating offshore wind technology, even in the harshest environments. Such repeated performance, high availability and consequently high capacity factor underlines the benefits of floating wind and its ability to capture the best possible wind resources without depth constraints, contributing to a much needed energy resilience in the process“ said Paul de la Guérivière, the CEO of BW Ideol.

Floatgen is a 2 MW demonstrator equipped with the world’s first concrete hull for floating offshore wind. It is operating in 33 metres water depth off the coast of Le Croisic (Western France) since 2018. It provides electricity to approximately 3,000 households. This industry-changing full-scale prototype is owned, operated and maintained by BW Ideol, generates amounts of valuable operational data and enables our own teams to develop an industry-leading hands-on expertise and track-record in terms of floating offshore wind O&M. This unique asset also serves as a full-scale and real-conditions R&D platform to qualify new components and methods as well as perform environmental impact studies.

About BW Ideol:
BW Ideol is a leading fully integrated platform in floating offshore wind with more than 12 years of experience from design, execution and development of floating wind projects based on our patented floating offshore wind technology and engineering capabilities. The company has a dual-leg growth strategy as a floater EPCI and maintenance services provider and as a wind-farm project developer and co-owner. BW Ideol has two full-scale offshore floating wind turbines in operation in France and Japan, a significant project pipeline, and is supported by BW Offshore's extensive experience from developing and operating offshore energy production systems.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. 


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