BW Ideol, a Norway-based fully integrated platform in offshore floating wind, and Elawan Energy, an ORIX company based in Spain, are developing a multi-gigawatt floating offshore wind pipeline off Spain and Portugal.
Elawan Energy, a developer and operator of renewable energy projects, has more than 2.6 GW of projects (solar, hydro and wind) already built and more than 8.4 GW of renewable projects in the works. Since February, the company has been fully owned by ORIX Corp., a multinational financial group headquartered in Japan.
BW Ideol and ORIX already collaborate in Japan as co-development partners on one of BW Ideol’s commercial-scale floating offshore wind projects currently under development.
This exclusive agreement between BW Ideol and Elawan Energy covers the joint development of several commercial-scale projects, within the framework of the upcoming tenders expected in Spain and Portugal.
“Entering the offshore business not only reinforces our commitment to environmental responsibility, but also allows us to diversify our revenue streams and open new growth horizons for Elawan Energy,” says company CEO Dionisio Fernández Auray.
Equally optimistic, Paul de la Guérivière, CEO of BW Ideol, adds: “Together with our winning floating wind experience both in project development and technology delivery, we’re highly confident that we’ll be able to develop and deliver the most competitive and credible projects.”