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MI&T Licenses WindFloat Platform
July 3, 2008
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Texas, United States [RenewableEnergyWorld.com] Principle Power announced that it has secured an exclusive license from Marine Innovation & Technology (MI&T) for the WindFloat, a floating foundation technology that could enable the development of deep-water offshore wind installations. MI&T have redesigned their original oil and gas specific platform structure by integrating support for wind turbines.
"Being able to capture the stronger and more consistent wind resource available offshore, our plants can deliver competitive economics, reduce visual impact and access available transmission lines."
-- Alla Weinstein, CEO, Principle Power 
The WindFloat could help dampen wave and turbine motion, enabling wind turbines to be sited in locations with previously inaccessible superior wind resource, according to the company. Principle Power will be deploying the WindFloat technology worldwide, pursuing projects in North America and Europe.
“The WindFloat enables Principle Power to install offshore wind power plants at any water depths. Being able to capture the stronger and more consistent wind resource available offshore, our plants can deliver competitive economics, reduce visual impact and access available transmission lines. WindFloat enables us to complete the assembly on shore, providing for practical installation and reduced costs,” said Alla Weinstein, Principle Power’s CEO.
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Any capital cost estimate and economic analysis for a likely offshore wind project?