DP Energy, a global renewable energy and sustainable development specialist, and Floating Power Plant, a Danish cleantech company, have established a joint venture to evaluate and develop two sites for floating offshore wind and wave energy hybrid demonstration projects.
According to the companies, the two sites – one in Scotland and the other in Wales – could be up and running by 2020.
In a comment on the expanded partnership with Floating Power Plant, Simon De Pietro, CEO of DP Energy says, “Floating offshore wind will be a significant part of the renewable energy market, exploiting new areas of resource, while reducing the cost of deployment, operation and maintenance, and, thus, the cost of the energy generated.
“DP Energy will pursue opportunities in this area across all of its areas of operation,” he continues. “There are a number of promising floating wind technologies seeking to address distinct environmental and engineering challenges.
“For sites with a significant wave regime, DP Energy believes Floating Power Plant provides one of the most promising hybrid technologies in the sector for extracting both wind and wave energy, and we have chosen to partner with them on two pilot demonstration projects in the U.K., leading to potential commercial project developments, each with a capacity of around 200 MW,” De Pietro concludes.
Established in 2004, Floating Power Plant has designed, developed and patented the P80 technology platform, providing a 5 MW-8 MW floating wind turbine combined with a 2 MW- 3.6 MW wave device.