Floating wind consortium gets EC nod for Portuguese JV structure

Floating wind turbine using WindFloat technology. Author: Untrakdrover. License: Attribution-ShareAlike 3.0 Unported.

December 6 (Renewables Now) - The European Commission (EC) announced today it has given the green light to the shareholding structure of Windplus SA, the owner of a 25-MW offshore floating wind project in Portugal.

Each of Mitsubishi Corp (TYO:8058), EDP Renovaveis (ELI:EDPR), Repsol Nuevas Energias SA, Chiyoda Corp (TYO:6366), Engie (EPA:GSZ) and Marubeni Corp (TYO:8002) have a stake in Windplus and operate the Portugal-based company as a joint venture.

Mitsubishi will participate in the project through its European power generation business Diamond Generating Europe Ltd. Engie and Marubeni, in turn, will take part through a unit of their own joint venture TrustEnergy BV, namely Trustwind BV. Repsol Nuevas Energias is a subsidiary of Spanish oil and gas major Repsol SA (BME:REP).

The EC said in a statement that there is no reason to worry about competition when it comes to Windplus given the company’s “negligible actual and foreseen activities” within the European Economic Area.

Windplus intends to build a 25-MW floating wind park about 20 km off the Portuguese coast at Viana do Castelo, using three MHI Vestas V164 turbines with Principle Power's WindFloat technology.

(JPY 100 = USD 0.891/EUR 0.755)

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