ADEME Investissement to invest €40m in BW Ideol Project.

ADEME Investissement, a private equity firm, agreed to invest €40m in BW Ideol Project, an offshore floating wind development company. BW Ideol retains full ownership of its other business activities and assets, including technology and related IP and know-how portfolio, the floater EPCI business line and the exclusivity with the Port of Ardersier in Scotland for a floater production line, the Floatgen demonstrator, and the ownership in the EolMed offshore floating wind farm pilot. BW Ideol will also retain all its teams, including engineering, business development, project execution, supply chain, legal, innovation, finance.