Under a memorandum of understanding (MoU), the companies will look to create an offshore floating wind project of up to 1.5GW. An initial pre-commercial phase of up to 100MW is set to be commissioned by 2021.
It is hoped the partnership will develop a pathfinder project to incentivise further floating offshore wind projects in the UK. The MoU follows Altantis Resources’ decision to create a division called Atlantis Energy with a focus on non-tidal stream projects. Atlantis is also developing the MeyGen tidal energy project.
“Ideol are a high quality, technically proficient, world leading technology and services company capable of delivering cost competitive floating offshore wind solutions to a market that is voracious in its appetite for large scale offshore wind development at an optimised cost of energy,” said Atlantis chief executive Tim Cornelius.
“This MoU is a significant step in our diversification strategy and leverages our existing skill set accumulated during the progression of our tidal portfolio. To now be seeking to develop a large floating offshore wind project alongside the UK’s largest tidal stream project is truly exciting.
“We want to leverage Ideol’s expertise in designing, engineering, building and installing floating offshore wind substructures to bring UK consumers affordable, sustainable and secure power.”
Under the new agreement Atlantis Resources will lead UK site selection and efforts to attract third party funding, while Ideol will provide floating foundations systems and design the technical concepts.