BW Ideol AS, a global leader in offshore floating wind, and ADEME Investissement, a state-owned French financier of innovative infrastructure projects, have completed the first financial closing as planned with an initial investment of €17.88 million in BW Ideol Projects Company SAS.
Following first closing, BW Ideol owns 75.81% of the projects company. ADEME Investissement will increase its holding over time as part of the announced €40 million funding agreement. BW Ideol manages the development company through a service agreement.
