in News Departments > Projects & Contracts
print the content item

Seattle-based Principle Power Inc. has signed a memorandum of agreement (MOA) with Energias de Portugal (EDP) for the phased development of a deep-water offshore wind power project sited off the coast of Portugal using the WindFloat.

WindFloat, conceived by Marine Innovation & Technology and owned by Principle Power, is a patent-pending floating foundation for offshore wind turbines. Features of the WindFloat dampen wave- and turbine-induced motion, enabling wind turbines to be sited in previously inaccessible locations where water depth exceeds 50 meters and wind resources are superior.

The terms of the MOA call for Principle Power and EDP to co-develop a three-phased offshore wind power project of the coast of Portugal. Phase 1 will consist of the fabrication and installation of a single WindFloat for technology demonstration purposes.

Following the successful completion and assessment of the demonstration unit, Phase II and Phase III will consist of a pre-commercial and commercial deployment respectively, making use of shared infrastructure and development from previous phases.

The project will have several equity participants, including both Principle Power and EDP.

SOURCE: Principle Power Inc.


Trachte Inc._id1770
Latest Top Stories

The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.


Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.

Canwea_id1984
Renewable NRG_id1934
UnitedEquip_id1995
Future Energy_id2008