BW Ideol and Elawan Energy have signed a head of terms for the development of several offshore wind projects off the coast of Spain and Portugal. The initiative is still pending a final agreement between both companies.
BW Ideol and ORIX (the owner of Elawan Energy) are already working together in Japan, where ORIX joined BW Ideol’s floating offshore wind projects in the country as co-development partner.
Further details regarding the projects have not yet been disclosed, but the facilities are anticipated to feature a multi-GW capacity.
For more information on offshore wind projects in Europe, please visit EICDataStream.