Projects in progress

Of the estimated 400GW offshore wind market by 2050, Floating Power Plant will be targeting 20GW, corresponding to €50bn potential revenue with the only technology to target high wave energy sites.

Floating Power Plant

Current projects

At the head of Floating Power Plant’s developing project pipeline are Dyfed Floating Energy Park in Wales and Katanes Floating Energy Park in Cathness.  At one of these sites Floating Power Plant will:

 

Deploy ~30 units over 3 stages and be a 50% shareholder in the first stage of the project companies. DP Energy, the other 50% shareholder, will lead the project development

 Further sales pipelines are in development in the UK, China and Belgium.

"DP Energy believes Floating Power Plant provides one of the most promising hybrid technologies in the sector for extracting both wave and wind energy and we have chosen to partner with them on two pilot demonstration projects in the UK leading to potential commercial project developments, each with a capacity of around 200MW."

Simon De Pietro, CEO DP Energy
Floating Power Plant - Projects in Pipeline

Projects in the pipeline and areas with high potential

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.