October 11 (Renewables Now) - SeaTwirl AB, a Swedish developer of a vertical-axis floating wind turbine, has signed a deal to potentially sell electricity from its 1-MW SeaTwirl S2 turbine to Haugesund, Norway-based power company Haugaland Kraft.
The turbine is under development and a site near Haugesund in Norway is one of its possible locations, SeaTwirl said on Wednesday. If the turbine is installed there, the electricity will be sold to Haugaland Kraft.
Chief executive Gabriel Strangberg said that the power agreement advances the company's plan to install a full-scale 1-MW unit in the sea in 2020.
SeaTwirl deployed a 30-kW S1 floating wind turbine off the coast of Lysekil in July 2015, which has since been going through tests there. In May this year, it entered into a cooperation agreement with German engineering group Siemens AG (ETR:SIE) that should help SeaTwirl achieve its goal of launching a commercial size turbine in 2020.