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Mitsubishi Corporation (MC) and Chiyoda Corporation (Chiyoda) have announce that MC (through its subsidiary Diamond Generating Europe), Chiyoda (through its subsidiary Chiyoda Generating Europe), EDP Renewables, Repsol, and Engie have agreed to participate in floating offshore wind farm project in Portugal (WindFloat Atlantic Project, WFA), by acquiring a stake in Windplus, S.A., the project owner.

MC and Chiyoda will hold a 20% share respectively in the project. The project, located 20 km off the Portuguese coast at Viana do Castelo, is planned to be operational in 2018 and will consist of 3 or 4 wind turbines on floating foundations, accounting for a total capacity of 25 MW. WFA will benefit from the support of the European Commission, through the NER 300 program, and of the Portuguese Government through the Portuguese Carbon Fund. It was also selected for the InnovFin program by the European Investment Bank. The consortium will use the WindFloat technology, a semi-submersible foundation developed by Principle Power, Inc. This technology was already implemented in a first of its kind prototype called WindFloat 1 near Povoa do Varzim. It comprises 2 MW Vestas V80 commercial wind turbine mounted on a WindFloat floating offshore wind turbine foundation.

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