BW Offshore
BW Offshore in advanced discussions related to investment in leading floating offshore wind solutions provider Ideol S.A.
BW Offshore today announced that the company is in advanced discussions related to a potential strategic investment in Ideol S.A., a global leader and pure player in floating offshore wind solutions.
Ideol is an established provider of floating foundations for offshore wind with more than a decade of experience from engineering and supporting floating offshore wind projects from conception to installation. The company has installed two full-scale demonstration wind turbines based on its patented floater design and is currently building up a sizeable pipeline of projects as co-developer in Japan, Europe and the US. Ideol is a privately held company, based in La Ciotat, France.
BW Offshore plans to provide more information about its long-term strategy and ambitions for investing in floating offshore wind at the Q4 2020 trading update presentation scheduled for 19 February 2021.
BW Offshore will update on the discussions and potential transaction regarding Ideol as and when appropriate.
For further information, please contact:
Anders S. Platou, Head of Corporate Finance, +47 99 50 47 40
IR@bwoffshore.com or www.bwoffshore.com
About BW Offshore:
BW Offshore is a leading provider of floating production services to the oil and gas industry. The company also participates in developing proven offshore hydrocarbon reservoirs. BW Offshore is represented in all major oil and gas regions world-wide with a fleet of 15 owned FPSOs. The company has more than 35 years of production track record, having executed 40 FPSO and FSO projects. BW Offshore is listed on the Oslo Stock Exchange.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About Globenewswire
Subscribe to releases from Globenewswire
Subscribe to all the latest releases from Globenewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Globenewswire
INTESA SANPAOLO S.P.A.15.7.2025 20:03:19 CEST | Press release
Infrastructure: IMI CIB promotes dialogue in London on the UK’s €846 billion plan
Mohawk Industries, Inc.15.7.2025 19:00:00 CEST | Press release
Mohawk Impact Report Highlights Progress
Epiq15.7.2025 17:39:14 CEST | Press release
Epiq Wins Todd & Weld LLP Office Services Outsourcing Business
Siili Solutions Oyj15.7.2025 17:30:00 CEST | Press release
Siili Solutions Plc: Share Repurchase 15.7.2025
Baltic Horizon Fund / Northern Horizon Capital15.7.2025 17:15:00 CEST | Press release
Baltic Horizon Fund publishes its NAV for June 2025
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom