Latest news

Announcement of new tenders for floating wind in the Celtic Sea and confirmation of Scotwind tender’s timing and process

Ideol is now becoming BW Ideol

Ideol is now becoming BW Ideol, with the same team, the same technology and with the company’s founders as substantial shareholders. BW Ideol will benefit from BW Offshore’s extensive experience in executing and operating offshore energy production systems and will be in a unique position to accelerate its growth and to confirm its leading position in this booming market.

BW Offshore invests in Ideol creating floating offshore wind champion

Transaction highlights:

- BW Offshore to invest EUR 60 million in Ideol S.A., creating BW Ideol, a global integrated floating offshore wind company with proven technology and market-leading capabilities
- BW Offshore expects to own ~50% of BW Ideol post a contemplated capital raise and listing as a separate company on Euronext Growth
- Targeting completion of the private placement and listing by end-March with BW Offshore as an anchor investor and industrial partner
- BW Offshore’s experience in developing and operating offshore production systems and capital markets access is highly complementary to Ideol’s floating offshore wind IP and expertise
- Creating a strong platform for a floating offshore wind business with accelerated growth potential as a technology and EPC provider, and developer and operator of wind power projects

Floatgen breaks new records in 2020

Floatgen, the 2 MW floating wind turbine, installed at the Sem-Rev test site (off Le Croisic), produced 14% more power in 2020 than in 2019, reaching an annual total of 6.8 GWh.

Port of Cromarty Firth agrees to partnership with global leader in floating offshore wind

Port of Cromarty Firth has signed a Letter of Intent with IDEOL, a global leader in floating foundations for offshore wind, which could create well in excess of five hundred new Scottish construction jobs.