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BW Offshore has signed a share purchase agreement to become a strategic owner of Ideol S.A. BW Offshore will invest € 60 million in the company and BW Ideol will be created.
BW Offshore expects to own ~50% of BW Ideol post a contemplated capital raise and listing as a separate company on Euronext Growth. Completion of the private placement and listing is targeted by end-March. Ideol is a provider of floating foundations for offshore wind and the company has over 60 employees, of which 90% are engineers. The company has installed two full-scale demonstration wind turbines based on its floater design and is currently building up a pipeline of projects as co-developer in Japan, Europe and the US. Ideol is a privately held company, based in La Ciotat, France.
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