BW Ideol enters agreement for 5% interest acquisition in 30 MW EolMed floating offshore wind project

BW Ideol has entered into an agreement to acquire a 5% stake in a 30 MW floating wind farm project that is currently being developed in partnership with a consortium led by Qair. 

Ideol is providing floater technology and is providing design and engineering services for the project. The 'EolMed' offshore wind project is progressing towards a final investment decision (FID) in the coming months. 

The construction of the project is expected to commence in early 2022. It will be installed about 15 km off Gruissan, a town on the western part of the French south coast, and will have three 10-MW turbines supplied by MHI Vestas. The project is expected to enter commercial operation by 2023.