Principle Power Ownership

Principle Power has been working in the renewable energy industry for more than 10 years and is a technology and services provider to the offshore wind industry.

Principle Power’s innovative technology - the WindFloat® - is a proven deepwater offshore floating wind turbine foundation with a simple, economic, and patented design. WindFloat® has been deployed for offshore wind projects off the coasts of Portugal and Scotland and is featured in projects under construction and development around the world.

  • Aker Offshore Wind has an active ownership in Principle Power
    - 18.8% ownership stake of Principle Power
    - Other shareholders include EDPR, EDP Ventures, Repsol, ASM Industries and Tokyo Gas
  • Principle Power is a strong brand in the floating wind industry
  • More than 100 MW installed capacity by 2022
  • World’s first 8.4 MW floating turbine installed offshore in Portugal
  • Well-suited to attract project financing based on its extensive track record

Want To Know More?

Our offshore wind experts will get back to you as soon as possible, normally within 24 hours.

Knut Vassbotn

Knut Vassbotn

Head of Business Development

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+47 22 94 57 99
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+47 95 93 94 00
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Based in Fornebu, Norway

Local time: 14:44 CET