Jera teams up with French duo to develop offshore wind project

Japan’s largest utility company, Jera, has teamed up with French companies Ademe Investissement and IDEOL to form a form investment vehicle dedicated to financing the development phase of offshore wind projects with at least 2 gigawatts of capacity.

JERA, ADEME INVESTISSEMENT and IDEOL intend to join forces by establishing an investment vehicle to finance the development phase of several floating offshore wind projects across the globe during the next 5 years, each time centered around IDEOL’s high-local content and highly competitive technology.

Satoshi Yajima (Executive Officer of JERA’s Business Development Department) said: “JERA is enchanted to support the most promising floating foundation on the market and to be a part of its future inevitable success. We are positively assured by IDEOL`s high local content technology and we envision commercial scale projects around the globe through this partnership.”

Arnaud Leroy CEO of ADEME commented: “We do believe that floating offshore wind is on its way to confirm its potential and become a substantial contributor to achieving future climate goals. This partnership aims at financing first commercial scale projects and at supporting IDEOL’s technology as both will contribute to accelerate the competitiveness of floating offshore wind.”

Paul de la Guérivière, CEO of IDEOL, added: “This new milestone for IDEOL confirms the market-readiness of our technology and shows the relevance of our unique business model as project co-developer and co-EPCI contractor based on our technical excellence. We are particularly happy and honoured to team up with JERA and Ademe Investissement, leading voices in two of the most strategic and pioneering markets for floating offshore wind that are Japan and France.”