Japan's JERA, France's ADEME, Ideol in Floating Wind Pact

Yuka Obayashi
Monday, June 22, 2020

Japanese power generator JERA said on Monday it has agreed with France's state-owned investment firm ADEME Investissement and French floating wind technology supplier Ideol on key terms for forming a joint venture to develop floating offshore wind farms.

They aim to make a final agreement by the end of this year to jointly establish an investment vehicle to finance the development phase of at least 2 gigawatts(GW) of floating offshore wind projects using Ideol's technology, a JERA spokesman said.

Their goal is to have the joint venture be involved in the development of several floating wind farms across the globe in the next 5 years, with plans to make tenders for upcoming projects in Scotland and France in the early 2020s, the spokesman said.

"We believe that floating offshore wind is on its way to confirm its potential and become a substantial contributor to achieving future climate goals," Arnaud Leroy, president of ADEME Investissement, said in the statement.

"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," he said.

ADEME Investissement was created in 2018 under the French Agency for Environment & Energy Management (ADEME) to finance innovative infrastructure projects in ecological and energy transition areas.

JERA is the joint venture between Tokyo Electric Power Company Holdings and Chubu Electric Power Co. 

(Reporting by Yuka Obayashi; Editing by Kim Coghill)


Categories: Technology Energy Offshore Energy Renewable Energy Industry News Offshore Wind Activity Europe Asia Renewables

Related Stories

Aker Solutions, PTAS JV Hooks Brownfield Services Extension off Brunei

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

CIP Reaches Financial Close for Offshore Wind Farm in Taiwan

ORE Catapult and Japan’s FLOWRA to Jointly Advance Floating Wind

Second Hai Long Substation Heads to Project Site Offshore Taiwan

MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

Current News

MODEC, Carbon Clean to Advance FPSO-Mounted Carbon Capture Tech

Aker Solutions, PTAS JV Hooks Brownfield Services Extension off Brunei

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Azeri SOCAR Plans New Agreements with Oil and Gas Majors

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Fugro Lands Deepwater Gas Field Job in Southeast Asia

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com