Swedish floating wind pioneer SeaTwirl has set the seal on a SKr70m ($7.5m) investment from Belgium’s Colruyt Group and Norway’s Norsea to finance development and installation of the company’s flagship S2-1MW unit.

The deal, which hinges on a "series of project milestones" being met, will result in the new owners each having a 19% stake in SeaTwirl once the prototype is online, anticipated to be next year.

“Having NorSea Group and Colruyt Group as partners would enable [us] to take SeaTwirl to a whole new level, with the respective companies’ expertise in offshore operations and the establishment of offshore wind farms,” said SeaTwirl chairman Roger Cederberg.