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

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

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

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

Azeri SOCAR Plans New Agreements with Oil and Gas Majors

Turkey Discovers New Black Sea Gas Reserve

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

Woodside to Shed Some Trinidad and Tobago Assets for $206M

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

Current News

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

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