BW Ideol has signed a partnership agreement with Taiya Renewable Energy for the joint development of a floating offshore wind pipeline.
The tie-up, which is subject to further due diligence and negotiation of the final agreements, including a 50MW floating wind pilot and commercial-scale projects off Taiwan.
BW Ideol will hold the exclusive EPCI contract to design, engineer, build and install the floating foundations based on its Damping Pool technology.
Subject to the project reaching final investment decision, COD is targeted before the end of 2026, with construction expected to start as early as 2025.
The partnership agreement also covers the joint development of several commercial-scale projects.
“We are pleased to pursue the growth of our global project pipeline, in line with our dual-leg strategy as co-developer and as technology and EPCI services provider,” said Paul de la Guérivière, chief executive of BW Ideol.
“We are happy to join forces with Taiya and benefit from its strong local footprint and experience in engaging with local stakeholders.
“We look forward to actively contributing to the acceleration of commercial-scale floating offshore wind in Taiwan and further strengthen our already strong Asian presence.”
Richard Liu, general manager of Taiya Renewable, said: “Taiya is honoured to sign the agreement with BW Ideol. BW Ideol is a highly competitive and leading integrated floating wind platform without a doubt. As a Taiwan local renewable energy development team, our local strength is on site selection of good developing conditions with limited environmental impacts.
“By joining force with BW Ideol, the two companies can strategically connect together for asset co-developer and technical expertise in the floating offshore wind industry.”