BW Offshore has acquired Ideol, a global player in floating offshore wind technology.
Ideol will become a wholly owned subsidiary of a new entity named BW Ideol.
BW Ideol will have clear strategic targets; growth as a technology and EPC services provider, expanding and maturing a significant portfolio of development projects and becoming a long-term asset owner and operator.
Ideol is a provider of floating foundations for offshore wind with more than 10 years of experience.
The company has over 60 employees, of which 90% are engineers covering the disciplines required for floating offshore wind technology and project development.
The company has installed two full-scale demonstration wind turbines based on its patented floater design and is currently building up a sizeable pipeline of projects as co-developer in Japan, Europe and the US.
Ideol is based in La Ciotat, France.