BW Ideol Joins Floating Wind Projects in Italy and Taiwan
Floating wind specialist BW Ideol has joined two commercial-scale floating wind projects in Taiwan and in Italy.
In July, BW Ideol signed a design and engineering services contract with an undisclosed leading party for a commercial-scale floating wind farm in Taiwan.
And in August, the company signed Heads of Terms with an undisclosed party for a commercial-scale floating offshore wind farm in Italy.
OffshoreWIND contacted BW Ideol for more information but the company said it was keeping any further details on the two projects confidential for the time being.
BW Ideol operates under a dual-track strategy as a co-developer of offshore floating wind projects and as an engineering, procurement, construction and installation (EPCI) contractor of floating offshore wind technology.
The company is the only floating technology provider with two full-scale assets in operation in two markets for floating wind –France and Japan. Both of the projects feature BW Ideol’s patented Damping Pool technology – a ring-shaped floating foundation.
BW Ideol was established this March after the Norwegian oil & gas services provider BW Offshore’s bought into the floating wind technology developer Ideol. The company started trading on Euronext Growth Oslo stock exchange on 18 March.
BW Ideol aims to have a floating wind project portfolio of 10 GW by 2030, 1.5 GW of which are to be operational by that time.