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Italy's Saipem to support development of high-altitude wind power kites

KiteGen's wind kite. Source: KiteGen Venture SpA (www.kitegenventure.com)

March 14 (Renewables Now) - Italian oil and gas contractor Saipem SpA (BIT:SPM) has agreed to back the kite-based, high-altitude wind power generating systems patented by KiteGen Venture SpA.

Saipem said in a statement that it has entered into an agreement to support the development, construction and commercialisation of KiteGen’s technology, which enables producing power from strong and stable wind present at an altitude of more than 1,000 metres from ground level.

KiteGen’s system uses kites hooked to a ground-based generator with a maximum power generating capacity of 3 MW. The developer says that its devices benefit from a greater capacity factor compared to conventional wind turbines, are lighter and capable of producing power at a lower cost.

The solutions adopted by KiteGen are protected by 40 patents in more than 70 countries, which is one of the strong points that convinced Saipem to support the firm’s technology. The oil and gas contractor noted that it is working on the possible offshore application of those devices, particularly in deep water where traditional wind turbines cannot be used.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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