FRANCE --The EolMed consortium comprising Qair, TotalEnergies, and BW Ideol, has reached a final investment decision for its 30 MW offshore floating wind development.

BW Ideol, a company making foundations for floating wind turbines, acquired 5% ownership last year in the 30 MW EolMed floating wind pilot project in the French Mediterranean. The consortium has recently annoinced a final investment decision for the 30 MW project, with more details to be released this month.

According to previous reports, the EolMed project is expected to have three 10 MW Vestas wind turbines, installed 15 km (9.3 miles) off Gruissan, France where the water depth is 62 meters (203 ft). The wind turbines will be installed on BW Ideol's foundations and will be anchored to the seabed.

The EolMed wind farm will have a total capacity to produce nearly 100 million kWh per year, i.e. the annual electricity consumption of 50,000 households.

According to information published by the European Investment Bank (EIB), the total cost of the project is estimated at around 289 million euros (around $304 million). Of the total amount, EIB will provide 85 million euros.

Source: Offshore Engineer