BW Ideol (CEO: Paul De La Guérivière) and Tohoku Electric Power Co., Inc. (Chairman: Kojiro HIGUCHI) are pleased to announce that the two companies have signed a formal agreement and launched the necessary feasibility studies to jointly develop a large-scale floating offshore wind farm off Kuji City, Iwate Prefecture; project based on proven and patented Damping Pool® technology from BW Ideol. The two companies intend to work very closely together to contribute to the rapid commercialization of cost-competitive floating offshore wind power in Japan through this Iwate Prefecture project.
Paul de la Guérivière, CEO of BW Ideol, said: “We are delighted and honored to partner with a leading Japanese utility such as Tohoku EPCO and further contribute to the advancement of floating wind in Japan. Japan is a very promising market where we have a strong local presence and recognition and where we have been co-developing many projects for several years now. This agreement comes just a few months after the success of our ScotWind tender and confirms the merits of our two-pronged growth strategy as co-developer of assets and provider of floating technology. Our teams are already hard at work and determined to carry out this project.“
Tohoku Electric Power Co., Inc. is one of Japan’s leading utility companies founded in 1951. As part of the Tohoku Electric Power Group Carbon Neutral Challenge 2050, it will accelerate the reduction of CO2 emissions by maximizing the use of renewable energy and nuclear energy; decarbonize thermal energy sources; and achieve an intelligent society. Focused on the development of renewable energies, he announced the objective of developing 2 GW of capacity, centered on wind power, mainly in the six prefectures of Tohoku and in the prefecture of Niigata. The company is currently involved in numerous projects, including onshore and offshore wind as well as solar energy, among other proactive initiatives in this area.
Toshinori SHIRATO, General Manager of Tohoku Electric Power, said, “We are delighted and honored to begin the feasibility study in Iwate Prefecture with BW Ideol who has abundant experience as well as technical expertise in the industry. floating offshore wind turbine. As our motto “yori, sou, chikara” describes, we will continue to work hand in hand with local communities with our founding motivation to serve as the bedrock of the region.
For more information, please contact:
Nicolas de Kerangal, Chief Financial Officer & Partnerships at BW Ideol, +33 (0) 7 76 87 70 08, [email protected]
About BW Ideol:
BW Ideol is a leading fully integrated platform in floating offshore wind with over 10 years of experience in the design, execution and development of floating wind projects based on patented floating offshore wind technology and the engineering capabilities of Ideol SA. The company has a dual growth strategy as a floating EPCI and maintenance service provider and as a developer and co-owner of wind farm projects. BW Ideol has two large-scale offshore floating wind turbines in operation in France and Japan, a significant portfolio of projects including 1 GW under development in Scotland and draws on BW Offshore’s extensive experience in the development and operation of offshore power generation systems.
This information is subject to the disclosure requirements in accordance with section 5-12 of the Norwegian Securities Act.