JERA, French partners ink agreement on financing for offshore wind projects

Japanese utility company JERA has entered into an agreement with French state-owned investment firm Ademe Investissement and French offshore technology specialist Ideol on the establishment of an investment vehicle to finance the development of future offshore wind farms in various countries.

The financing will be made available for offshore wind projects over the next five years.

The wind farms will have a 2GW total generated power and will all utilise Ideol’s floating barge concept that will help ensure stability of floating wind turbines even in extreme conditions.