BW Ideol Projects Company acquires a 15% stake in the Méditerranée Grand Large floating offshore wind farm, enhancing its collaboration with EDF power solutions and Maple Power in advancing floating wind technology in France.

Information on the Target

BW Ideol Projects Company (BWIPC), a subsidiary of BW Ideol and ADEME Investissement, has made a strategic investment by acquiring a minority equity stake in Eoliennes Méditerranée Grand Large. This company is responsible for the development, construction, and operation of the Méditerranée Grand Large floating offshore wind farm. The acquisition entails a 15% shareholding, which reflects a long-standing collaboration between BW Ideol, EDF power solutions, and Maple Power in exploring floating foundation technologies to meet offshore wind energy requirements in France.

This partnership aims to bolster the capacity and technological prowess of the Méditerranée Grand Large project, positioning it to set a precedent as the first commercial-scale floating wind project in the Mediterranean Sea. EDF power solutions and Maple Power are set to finalize the selection of floater technology before commencing the project's construction, ensuring that the initiative aligns with the latest advancements in floating wind technology.

Industry Overview in France

France's offshore wind energy sector is rapidly evolving, with a strong commitment from the government to diversify its energy sources and reduce carbon emissions. The country is strategically positioned to harness wind energy, particular