Spanish floating wind technology outfit X1 Wind has reeled in €4m to bring its innovative PivotBuoy design to market, with the ambition of catapulting the nascent sector into worldwide industrialisation.

The funding, from the EU Commission’s Horizon 2020 programme, will underwrite plans to test a one-third-scale version of the technology in 40-50 metres of water at a site off the Canary Islands starting in 2020.

The prototype, which will be topped with an adapted 225kW Vestas turbine, combines a tension leg platform and so-called single point mooring system, to allow the unit to ‘weathervane’ with the prevailing wind, to better harness the resource.