BW Offshore says it is in advanced discussions in regards to investing in floating offshore wind solutions firm Ideol.
Headquartered in France, Ideol is a provider of floating foundations for offshore wind with more than a decade of experience. It has installed two full-scale demonstration wind turbines and is currently building up a sizeable pipeline of projects as co-developer in Japan, Europe and the US.
“BW Offshore will update on the discussions and potential transaction regarding Ideol as and when appropriate,” the company said in a release.
Last year another BW subsidiary invested in Swire Pacific Offshore’s wind farm installation subsidiary.