BW Ideol has signed a Head of Terms with Elawan Energy for the joint development of a multi-GW floating offshore wind pipeline off Spain and Portugal.
This exclusive agreement covers the joint development of several commercial-scale projects, within the framework of the upcoming tenders expected in the Iberian countries.
“We are pleased to keep on expanding our global project pipeline, in line with our dual-leg strategy as co-developer and as technology and EPCI services provider.
“Elawan Energy has a strong and successful local presence in Spain and is now supported by one of the biggest financial companies in Japan, ORIX Corporation.
“Together with our winning floating wind experience both in project development and technology delivery, we’re highly confident that we’ll be able to develop and deliver the most competitive and credible projects,” said Paul de la Guérivière, CEO of BW Ideol.
Elawan Energy has more than 2.6GW of projects (solar, hydro and wind) already built and more than 8.4GW of renewable projects under development.
Elawan Energy is fully owned by ORIX Corporation, a multinational financial group headquartered in Japan, since February 2023, and benefits from a historical local footprint in Spain since Elawan Energy, formerly Gestamp Wind, was created in 2008 as one of the renewable vehicles of Acek Desarrollo y Gestión Industrial, the holding company of the Riberas family, which owns Gestamp Group.