A €60 million loan from the EU will help the WindPlus consortium install a wind farm that will float in deep waters off the Portuguese coast, the first of its kind.
The agreement was signed today in Lisbon by Emma Navarro, Vice-President of the European Investment Bank (EIB), and João Manso Neto, CEO of EDP Renováveis and Windplus representative.
Once operational, the wind farm will start supplying 25MW of clean electricity, which is equivalent to the consumption of approximately 30 000 households. The WindFloat Atlantic project will use innovative floating structures that enable harvesting of abundant wind resources in deep waters where building foundations on the sea-floor is not possible. This will open up new export opportunities for the European wind industry.
