Principle Power’s WindFloat Selected by Industry Leading Consortium for Upcoming French Floating Wind Tender Bid

4 April 2016

Aix en Provence, France, April 4th, 2016 – Principle Power is pleased to announce that a recently formed consortium has selected the WindFloat as the technology of choice, for their collective bid, to the “Call for Projects” by the French Environment Agency, ADEME. This opportunity leverages Principle Power’s market-leading WindFloat technology, track record, and strong local presence, through Principle Power France in Aix-en-Provence. Principle Power France (and other Principle Power subsidiaries) has operated the WindFloat 1 Prototype (WF1), offshore of Portugal, since October 2011.

“We applaud the formation of such a strong consortium and are pleased to have such group of industry leaders, recognizing the WindFloat by Principle Power, as the preferred technology solution,” said João Metelo, President and CEO of Principle Power. “Strong domestic partnerships and proven track records are key to ensuring successful implementation of these projects in France, and in the future, other global markets. We look forward to continuing working with our partners in the delivery of this and future commercial projects.”