Iberdrola SA is leading an international consortium to install a wind turbine able to produce more than 10 MW in a semi-submersible floating concrete structure.
The project, dubbed FLAGSHIP, will be tested in the North Sea at the Met Centre in Norway. The consortium includes Electricité de France SA.
FLAGSHIP is part of the European Commission's Horizon 2020 program, which has nearly €80 billion of funding available from 2014 to 2020 to lower the levelized cost of energy to a range of 40€/MWh to 60€/MWh by 2030, according to a news release.
Iberdrola expects to enter an approximately €25 million grant agreement with the Innovation and Networks Executive Agency of the European Commission during the second half of 2020. The fabrication process is expected to start in the second quarter of 2021 and installation in the first quarter of 2022.
In Spain, the consortium is leading a similar project on floating wind farms. But Iberdrola said the project will use different technology and will be deployed in the Canary Islands.