Baker & McKenzie represented Repsol New Energy Ventures, S.A. and EDP Inovção, S.A., as joint venture partners, in connection with their investment in Windplus S.A., a Portuguese affiliate of Principle Power, Inc. Windplus S.A. and Principle Power, Inc. have pioneered the development of deep-water floating wind turbine foundations used to exploit the world’s highest capacity wind resources offshore.
The turbine is installed on an innovative floating foundation called the WindFloat. In addition to being the first offshore wind turbine in Portugal, this is the first offshore wind turbine to be installed without the use of any heavy lift vessels or piling equipment at sea. All final assembly, installation and pre-commissioning of the turbine and substructure took place on land in a controlled environment. The complete system was then wet-towed offshore using simple tug vessels.
The WindFloat is equipped with a Vestas v80 2.0MW turbine capable of producing enough electricity for 1,300 households. The system is located 5km off the coast of Aguçadoura, Portugal, and has already produced in excess of 1.7 GWh.
“We were pleased to work closely with Repsol and EDP on this groundbreaking project for the development of the offshore wind generation sector in Portugal,” said Baker & McKenzie Partner José Morán. “This deal showcases our ability to advise innovative energy companies in a sector with tremendous domestic and global growth potential.”
Press release provided by the company.