BW Ideol AS, a global leader in floating offshore wind, as part of the Floating
Energy Allyance (FEA) has signed the formal option agreement with Crown Estate
Scotland and takes a further step with the development of the 960MW floating
offshore wind farm awarded in this January's ScotWind leasing round.
The option agreement gives FEA the exclusive right to develop a 960 MW project
on the NE8 site, located some 75km off Fraserburgh. This project will implement
BW Ideol's proven and high local content technology. This significant milestone
allows the consortium to proceed with the environmental studies required for the
consent application process.
"We are pleased that the alliance's development efforts are progressing as
planned. Site investigations and environmental studies are some of the imminent
major milestones our teams are pursuing before proceeding to the consent
application. Engineering work with a particular focus on grid connection moves
fast ahead" said Paul de la Guérivière, CEO of BW Ideol.
FEA is a joint venture between BW Ideol, BayWa r.e., a global renewable energy
business, and Elicio, an experienced Belgian offshore wind developer. In
connection with the signing of the option agreement, FEA has paid the stipulated
option fee.
About BW Ideol:
BW Ideol is a leading fully integrated platform in floating offshore wind with
more than 10 years of experience from design, execution and development of
floating wind projects based on Ideol S.A.'s patented floating offshore wind
technology and engineering capabilities. The company has a dual-leg growth
strategy as a floater EPCI and maintenance services provider and as a wind farm
project developer and co-owner. BW Ideol has two full-scale offshore floating
wind turbines in operation in France and Japan, a significant project pipeline,
and is supported by BW Offshore's extensive experience from developing and
operating offshore energy production systems.