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The technologies are mature enough for commercial-scale developments and innovation continues to drive down costs while supporting local job creation in the markets we operate.
Aker Offshore Wind has invested in Principle Power – a strong technology brand in the offshore floating wind industry – allowing for further acceleration of development through their field-proven technology.
Principle Power’s floating foundation design, WindFloat® has pioneered floating wind. The pilot was in successful operation from 2011 to 2016 off the coast of Portugal.
Principle Power, actively supported by its owners, has achieved several industry firsts, including the world’s largest floating offshore turbines. Three 8.4 MW turbines located 20 kilometers off the coast of Viana do Castelo, Portugal was commissioned in the spring of 2020. The project was granted financing through the European Investment Bank (EIB), demonstrating that floating offshore wind is now a bankable technology.