UK-based company Atlantis Resources has signed a memorandum of understanding (MoU) with offshore wind floating foundation solutions developer Ideol to develop a 1.5GW pipeline of floating offshore wind projects in the UK.

As part of the MoU, the two companies will collaborate to initiate the construction of a floating offshore wind project of up to 1.5GW.

Atlantis Resources CEO Tim Cornelius said: “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."

“Our strategic goal is now focusing on the development of large commercial scale wind farm projects with several opportunities currently under review in and outside of Europe."

Under the terms of the agreement, Atlantis Resources will carry out the review, selection and consenting of the project sites across the UK, as well as attract third-party funding for the project.

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On the other hand, Ideol will be responsible for designing the technical concepts and will operate as the exclusive provider for the floating foundation systems.

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Ideol CEO Paul de la Guérivière added: “With two full-scale demonstrators currently under construction in France and in Japan, as well as a pre-commercial wind farm under permitting in the French Mediterranean, Ideol and its patented damping pool technology are at the forefront of a cost-competitive and rapidly accelerating floating offshore wind industry.

“Our strategic goal is now focusing on the development of large commercial scale wind farm projects with several opportunities currently under review in and outside of Europe.”

The wind project will have a pre-commercial phase of up to 100MW, which is scheduled to be commissioned by 2021.