California’s First Floating Wind Project Steps Closer to PPA

Offshore Engineer

CADEMO Corporation, established by Floventis, and California Community Power (CC Power) have signed a memorandum of understanding (MoU) to facilitate the development of the 60 MW floating wind project off the California coast.

The MoU is intended to establish a collaborative engagement between CC Power, a joint powers authority that conducts joint power procurement on behalf of nine California Community Choice Aggregators (CCA), and CADEMO to support the development of the CADEMO project as California’s first offshore wind project.

Through the MoU engagement, CC Power aims to learn about the drivers of key costs in offshore wind development to build support for appropriate policies that balance local investment, jobs and community considerations, greater renewable energy penetration, and electricity affordability.

Read more here: California’s First Floating Wind Project Steps Closer to PPA (