BW Offshore is to invest €60m ($72.5m) in floating offshore wind solutions provider Ideol in a second major investment in the renewables sector by Singapore’s BW Group.
The company, which will be renamed BW Ideol, also aims to carry out a private placement and potential listing as a separate company in Oslo.
The Singapore floating storage, production and offloading specialist said it expects to own about 50% of the company after the contemplated capital raise and listing.
