Japan is JERA to form floating wind turbines in JV with France from ADEME, Ideol – Agricultural Products

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TOKYO, June 22 (Reuters) – Japanese power generator JERA said on Monday that it has agreed with France on the state owned by ADEME Investissement and French fluttering supplier of Ideol technology on the key terms of the formation of a joint venture for the development of floating offshore wind.They aim to reach a final agreement by the end of this year to jointly establish an investment vehicle to finance the development phase of at least 2 gigawatts (GW) of floating offshore wind turbine projects at l Using technology Ideol, a JERA spokesperson said.

Their goal is to have the joint venture be involved in the development of several floating wind turbines around the world in the next 5 years, with plans to make calls for tenders for upcoming projects in Scotland and France at the start of 2020s, the spokesperson.

“We believe that floating offshore wind is on its way to confirming its potential and becoming an important contribution to the achievement of future climate objectives,” Arnaud Leroy, president of ADEME Investissement, says in the statement.

“This partnership aims to fund commercial projects first and to support Ideol that the technology will both help accelerate the competitiveness of floating offshore wind,” he said.

ADEME Investissement was created in 2018 under the French Agency for the Environment and Energy Management (ADEME) to finance innovative infrastructure projects in ecology and energy, transition zones.

JERA is the joint venture between Tokyo Electric Power Company Holdings and Chubu Electric Power Co. (Reporting by Yuka Obayashi; Editing by Kim Coghill)

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