French and Japanese companies team up to develop commercial scale floating offshore wind projects

JERA, ADEME Investissement and IDEOL have agreed on the key terms for setting up an investment vehicle to finance the development phase of at least 2 GW of projects using the patented Damping Pool technology from IDEOL.

The upcoming tender for commercially floating offshore wind farms in Scotland and France, as well as a increasing range of initiatives in promising markets around the globe, such as–but not limited to–Japan and the US, confirm the acceleration of floating winds as well as their legitimate position in the global energy mix.

To take full advantage of these unique opportunities, JERA, ADEME Investissement and IDEOL plan to join forces by setting up an investment fund to finance the construction phase of multiple floating offshore wind projects around the globe over the next 5 years, each time based around the high-local content and highly innovative technology of IDEOL.

“JERA is enchanted to support the most promising floating foundation on the market and to be a part of its future inevitable success. We are positively assured by IDEOL`s high local content technology and we envision commercial scale projects around the globe through this partnership.“

Satoshi Yajima executive officer of JERA’s business development department.

“We do believe that floating offshore wind is on its way to confirm its potential and become a substantial contributor to achieving future climate goals. This partnership aims at financing first commercial scale projects and at supporting IDEOL’s technology as both will contribute to accelerate the competitiveness of floating offshore wind.“

Arnaud Leroy, CEO of ADEME.

“This new milestone for IDEOL confirms the market-readiness of our technology and shows the relevance of our unique business model as project co-developer 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.“

Paul de la Guérivière, CEO of IDEOL.