There’s no question that offshore wind plays a key role in the fight against climate change, but what often receives less attention is its major contribution to the Blue Economy.

Few industries can deploy such large investments in such a short period; over the coming decade, the offshore wind industry is expected to invest over $30 billion a year on average. This will have a multiplying effect and lead to new opportunities for governments and coastal communities. Floating wind projects are especially promising as they can harness higher quality wind resources in locations that were previously inaccessible, creating new jobs and investments in local ports, shipyards and other ocean infrastructure around the world.

And they provide opportunities for synergies with other ocean industries to create win-win solutions. One example is our Golfe du Lion project in France, where we have worked closely with the local fishing community to install specially made biohuts on the WindFloat hull, promoting growth of juvenile fish colonies.

The Blue Economy brings endless possibilities, and we’re proud that Principle Power’s WindFloat technology is playing an important role as we move forward with this sea of opportunity.