19 February 2009 – Wind technology developer, Principle Power Incorporated, and Energias de Portugal (EDP) have signed a Memorandum of Agreement (MoA) for the phased development of a deep-water offshore wind power project to be sited of the coast of Portugal.
Under the terms of the MoA Principle Power and EDP will co-develop a three-phased offshore wind power project. Phase 1 will consist of the fabrication and installation of a single WindFloat for technology demonstration purposes.
WindFloat, conceived by Marine Innovation & Technology and owned by Principle Power, is a patent pending floating foundation for offshore wind turbines with a simple and elegant design.
Following the successful completion and assessment of the demonstration unit, Phase 2 and Phase 3 will consist of a pre-commercial and commercial deployment, respectively, making use of shared infrastructure and development from previous phases.
“Offshore wind is one of our key innovation priorities,” said Antonio Mexia, CEO of EDP.
“The development of floating foundations for wind turbines is a pre-requisite to the development of offshore wind farms worldwide, as areas in which the sea bed is less than 50 m deep are scarce and fixed structures in deeper waters are economically not feasible. We believe the WindFloat may be the correct approach to deep-water offshore wind farms.”