Principle Power has named its new chief executive as Julián Arrillaga Costa, a former CEO of Adwen who it said would bring 30 years of experience from automotive and wind power to accelerate industrialisation of the floating platform pioneer.

Costa was most recently chief operations officer at automotive supply chain group CIE Automotive, and previously held the same role and the chief executive post at Adwen, the now defunct turbine manufacturer that was folded into Siemens Gamesa in 2017.