Baideko, the leading Financial and M&A Boutique in Andalusia, has successfully advised the Malaga-based company EnerOcean in the entry into its capital of the Italian energy company ENI through its subsidiary Plenitude.
EnerOcean, a marine energy engineering company, was founded in 2007 With headquarters in Malaga and Las Palmas de Gran Canaria, The Company has experienced engineering teams in both locations and a wide international network of collaborating partners. EnerOcen leads the development of the W2Power floating wind solution, with extensive Intellectual Property valid in the main markets. Combining the proven technology of semi-submersible platforms, with two conventional wind turbines, and adding proprietary design elements such as inclined towers, innovative moorings and controls, the Company and its partners will provide deep-water generated wind power at greatly reduced costs. EnerOcean has already announced its first wind farms in the Canary Islands through its subsidiary Canarrays S.L.
Manuel Fernández Maza, head of Baideko, has stated: “This transaction is an important milestone for EnerOcean since it will grant access to the extensive experience of Plenitude and its shareholder ENI, which will contribute to the development of EnerOCean’s W2Power technology, as the main competitor for the development of the floating wind power around the world”.
Headquartered in Seville, Baideko provides financial and strategic advisory services including, among others, Mergers and Acquisitions (M&A), Divestments, Capital Raising/Financing, Strategic Plans, etc.
