Acciona Energia invests in French floating wind tech developer Eolink

Spanish renewables company Acciona Energia (BME:ANE) has taken a 24% stake in French floating offshore wind foundations developer Eolink after leading a financing round by Eolink to progress the development and commercialisation of its technology.

Eolink is expected to install a 5-MW pre-commercial unit at the SEM-REV test site off the coast of Le Croisic in France in 2023. In the company’s technology, the turbine is supported by four arms instead of a single mast, while the anchoring system allows the turbine to change its position to face the wind. The concept is said to reduce installation and maintenance operations.

Acciona Energia said that offshore wind is a key technology to the energy transition and is needed for countries with deep coastlines such as Spain and Portugal, which already have offshore wind plans. Spain targets 1 GW to 3 GW of offshore wind by 2030, and Portugal unveiled a maiden offshore auction this summer seeking to deploy between 3 GW and 4 GW by 2026, the company noted.

The deal is subject to certain conditions.

Eolink this month announced it has obtained Design Evaluation Conformity Statement by Bureau Veritas for its 5-MW pre-commercial unit.

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