Principle Power, Inc
Company description
Principle Power is a technology developer focused on the deep-water (greater than 40m) offshore wind energy market. Principle Power's enabling product, a floating wind turbine foundation called WindFloat, provides for siting of offshore wind turbines independent of water depth, thus exploiting the world's highest capacity wind resources. Deep-water offshore wind installations, to date, have not been feasible due to economic and technological limitations.
Company details
Participation in projects
Projects as Project Owner per Country ()
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The company has not participated in any projects.
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Company updates
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February 08, 2023
Tokyo Gas, Shinobuyama Fukushima Power begin scoping construction on 30 MW floating wind pilot project
Tokyo Gas and Shinobuyama Fukushima Power have began planning the installation of a two-turbine, 30-MW floating wind project in Japan following the release of an environmental impact assessment...
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October 14, 2022
Principle Power secures FEED contract for 10 MW wind-to-hydrogen project off the coast of Aberdeen
ERM has contracted Principle Power to advance the Front-End Engineering Design (FEED) for a 10 MW Wind-to-Hydrogen Dolphyn demonstrator project off the coast of Aberdeen, Scotland. ERM Dolphyn won GBP...
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July 29, 2020
EDPR and partners commission 25 MW Windfloat Innovfin FDP offshore wind project in Viana do Castelo
WindFloat Atlantic is now fully operational and supplying clean energy to Portugal's electrical grid. Following the connection of the last of the three platforms to the 20 m export cable connecting th...
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June 26, 2020
Financial close for 50 MW Kincardine floating wind farm project in Aberdeen bay
Natixis has acted as sole green loan coordinator for the GBP380 million (US$472.4 million) financing for Cobra Instalaciones y Servicios S.A. of Kincardine Offshore Windfarm Limited. The project compr...
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May 28, 2020
Tokyo Gas Co invests about US$22mn in Principle Power
Tokyo Gas Co., Ltd. has become one of the primary investors and shareholders of Principle Power, Inc. after it has invested more than JPY2 billion (US$18.58 million). Principle Power is a...
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