BW Ideol secures €40m for new floating wind company

BW Ideol floating wind platform

French floating wind firm BW Ideol has secured €40 million financing in stages to develop its floating wind project portfolio by setting up a new company.

ADEME Investissement, a state-owned financier, will put up the funding in return for a growing share of the new company, BW Ideol Projects Company SAS, and the sum will be matched by BW Ideol.

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