Fully consented in February 2021, EolMed reached financial close in March 2022 after the project partners secured EUR 85 million in financing from the European Investment Bank (EIB).
The construction of the floating foundations started in Spring 2023 in Port-La Nouvelle with the arrival of the first steel blocks that make up the three substructures. Later that year, Bourbon Subsea Services installed a floating electrical hub (FEH) at the EolMed pilot floating wind farm site.

