Portugal

Principle Power has signed a Memorandum of Agreement with Energias de Portugal for the phased development of a deep-water offshore wind power project sited off the coast of Portugal using the WindFloat.

The terms of the MOA call for Principle Power and EDP to co-develop a three-phased offshore wind power project off 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 2 and phase 3 will consist of a pre-commercial and commercial deployment respectively, making use of shared infrastructure and development from previous phases.