Principle Power proposes to use the patent pending WindFloat floating foundation for offshore wind turbines, conceived by Marine Innovation & Technology and owned by Principle Power.

The WindFloat is said to dampen wave and turbine induced motion, enabling wind turbines to be sited in previously inaccessible locations where water depth exceeds 50 m and wind resources are superior.

Under the MoA Principle Power and EDP will 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.