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The Spanish Acciona Energía has acquired 24% of the capital of Eolink, a French company specializing in the development of floating offshore wind foundations, thus becoming the main shareholder in the process.

The operation, subject to certain conditions, follows a funding round launched by the French startup to boost its floating offshore wind technology and advance the maturation of its first 5 MW unit as a commercial technology.

Eolink was created in November 2015 with the aim of developing an innovative concept of floating wind turbine where four arms replace the classic single mast supporting the wind turbine.

Source: Eolink

This is said to allow for a lighter structure and better load distribution, reducing installation and maintenance operations. Additionally, the wind turbine’s anchoring system allows it to naturally change position to face the wind, optimizing costs and maximizing its performance, Acciona said.

The first pre-commercial unit is scheduled to be installed at the SEM-REV test site, off Le Croisic, France, in 2023. Standing 150 meters tall and with a capacity of 5 MW, the floating wind turbine will ‘Eolink will provide enough electricity to power 3,500 homes.

The entry of Acciona Energía into the capital of Eolink should strengthen the financial structure of the start-up for its development in the short and medium term.

Gravity-based solutions suitable for shallower waters are at an advanced stage of development, but floating solutions that are needed for deeper waters have not yet reached commercial maturity, Acciona Energía said.

This technology is necessary for the development of the offshore wind sector in countries with deep coastal shelves, such as Spain and Portugal, where programs for the implementation of offshore wind projects are already underway.

Spain aims to install between 1 GW and 3 GW of offshore wind by 2030, while Portugal announced its first offshore auction this summer with the aim of having installed between 3 GW and 4 GW by 2026.

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