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EDP group agreed with Ocean Winds (OW), the joint-venture created by EDP Renewables and ENGIE dedicated to offshore wind, to transfer EDP's position in Principle Power.
With a third of its 16.6 GW of offshore wind projects representing floating wind, Ocean Winds acquisition of EDP's 25,4% stake in Principle Power provides a competitive advantage to its floating wind pipeline developmen. With this transaction and adding to its previous ownership, Ocean Winds now holds a total of 36.25% of Principle Power.
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