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Ocean Winds, a company owned by EDPR and Engie, and DISA Group, a renewable electricity generation company in the Canary Islands, have teamed up to develop offshore wind farms in the Canary Islands.
 
Offshore wind energy from the jointly promoted projects would double the current share of renewable energy, as well as reduce the cost of electricity generation on the islands. In the Canary Islands, the depth of the waters away from the coast makes it necessary to use floating wind technology.
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