BW Offshore signed a share buy settlement to grow to be a strategic proprietor of Ideol S.A., a worldwide pure participant in floating offshore wind expertise, making a renewable power firm with market-leading capabilities based mostly on in-house developed and confirmed expertise, supported by BW Offshore’s in depth expertise from growth and operation of offshore power manufacturing methods.
“We see strong alternatives for creating offshore energy manufacturing options to drive power transition at international scale. We are combining our 4 many years of offshore growth, financing and operational expertise with Ideol’s confirmed floating offshore wind expertise and experience. Together we’re making a champion on this rising market with vital long-term development and worth creation potential,” mentioned Marco Beenen, the CEO of BW Offshore.
Ideol S.A., headquartered in La Ciotat, France, will grow to be a completely owned subsidiary of a brand new entity named BW Ideol, as a globally main absolutely built-in developer of large-scale floating offshore wind tasks. BW Ideol could have clear strategic targets; development as a expertise and EPC companies supplier, increasing and maturing a big portfolio of growth tasks and changing into a long-term asset proprietor and operator.
BW Offshore with headquarters in Singapore and Oslo, Norway, is a number one supplier of floating manufacturing companies and growth of confirmed hydrocarbon reservoirs
(Source: BW Offshore – Image: Ideol)
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