Switzerland-based Holcim has acquired a minority stake in BW Ideol, a developer of floating offshore wind technology.
This investment highlights the maturity and deliverability of concrete foundation solutions, according to Paul de la Guérivière, CEO of BW Ideol. The partnership aims to make floating wind energy more affordable and decarbonized.
In 2024, Holcim and BW Ideol signed a Memorandum of Understanding (MoU) to study the feasibility of using low-carbon concrete in the floating wind industry, focusing on Scotland.
On 7 January, the companies announced a strategic partnership to supply innovative materials for floating foundations in Southern France and Northeast Scotland.
BW Ideol holds stakes in two floating wind projects: a 960 MW project off Scotland’s coast and a 270 MW project off France’s coast. Dragan Maksimovic, Region Head West Europe, Holcim, emphasized the importance of scaling BW Ideol’s designs for the energy transition. Holcim’s lightweight structural low-carbon concrete is well-suited for these projects.
In 2023, Holcim entered a power purchase agreement with Iberdrola for electricity from the [Baltic Eagle offshore wind farm](https://www.iberdrola.com/press-room/news/detail/iberdrola-begins-construction-baltic-eagle-germany-largest-offshore-wind-farm-its-history) in the German Baltic Sea.
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