Offshore wind technology developer Principle received funding from Tokyo Gas, which joined existing investors including EDP Ventures, Repsol and ASM Industries.
Energy utility Tokyo Gas has invested more than $22m in Principle Power, the US-based creator of a floating wind turbine, as part of a collaboration agreement.
Principle Power has developed a floating offshore wind turbine intended to be able to function in deeper waters where winds are stronger. It is developing wind projects off the coasts of Portugal, France and the UK, and has more than 100 MW of capacity under construction.
The company has now entered Japan, where the…
