Floating Power Plant (FPP) has signed a Memorandum of Understanding with The Oceanic Platform of the Canary Islands (PLOCAN) to investigate and develop a potential deployment of FPP’s technology in the PLOCAN test facilities in Gran Canaria.
FPP intends to deploy a commercial-scale version of their hybrid floating wind and wave energy device in the PLOCAN site, as well as establishing an R&D subsidiary in Gran Canaria. This will allow the technology to be proven at a commercial scale, as well as providing a center for ongoing R&D into system components, control strategies, and auxiliary equipment for a number of years.
FPP and PLOCAN will now work together to assess the test facilities and identify a suitable deployment location, before conducting the necessary site studies and licensing and consenting activities. PLOCAN will also assist FPP in establishing a new R&D subsidiary in Gran Canaria and establishing an operational plan. It is anticipated that FPP’s technology could be constructed and deployed as early as Q1 2024.
Floating Power Plant is developing a global pipeline of projects, at the head of which are 2 UK projects: Dyfed Floating Energy Park in Wales and Katanes Floating Energy Park in Scotland. DP Energy is leading the development of these projects in which the first full-scale, FPP-platforms, units will be deployed and operated.
Further project opportunities are being developed both in Europe and emerging markets, including traditional electricity supply and new applications in parallel markets where the power is required for on-site processes.
Simon De Pietro, CEO DP Energy
Offshore wind installations are moving further away from the shore and into deeper waters, due to the scarce availability of wind sites, creating a need for floating foundations. These are Floating Power Plant’s key global market segments.