Skip to main content

The French company Technip Energiesa leading engineering and technology company for the
energy transition, closes the financing round by acquiring 16.3% of the Catalan company X1 Wind,
under the guidance of Abogados General Assembly.

Technip Energies is the lead manager of this round of financing, in which also participate
the European Innovation Council (EIC) Fund, owned by the European Commission, advised by
the European Investment Bank (EIB) and some of the former shareholders of X1 Wind. Below
the terms of the agreement, the French company then takes 2 of the 9 seats on the board of directors of X1 Wind
of administrators.

The AGM Abogados M&A team, led by the region’s partner Francisco Lacasa Lobera and
the sector manager, Julio Menchaca Quicklywith the support of the lawyer Felix Navas Mirhas
advised Technip Energies in the investment round of X1 Wind, in particular with regard to
negotiation of the investment agreement.

Technip Energies and X1 Wind to collaborate on the development of the first commercial-scale system
prototype demonstrator, as well as on the industrialization and marketing plans for this
Technology.

Willy Gauttier, Technip Energies Vice President for Floating Offshore Wind, said: “With
this investment and this collaboration, Technip Energies demonstrates that it is not only a question
the current floating offshore wind market with its existing semi-submersible technology, but also
prepare for the future with this promising design to become the leader of the next generation
of floats. Thanks to our execution of offshore projects and our experience in technical development
concepts through to commercialization, we are confident that X1 Wind will be a great addition
Technip Energies technology solutions portfolio in the near future.

Àlex Raventós, co-founder and CEO of X1 Wind, said: “Our innovation capabilities and our disruptive solutions
lightweight technology, combined with Technip Energies decades of offshore experience
sector and its proven track record in the implementation of early floating wind projects, brings a perfect
alliance to develop the next generation of floating wind technology needed to reduce costs in the
floating wind sector to achieve ambitious goals and contribute to a neutral carbon balance but
competitive energy mix.

AGM advises Technip Energies on the X1 Wind investment round