Three years in development, the Leioa-based company's SATH (Swinging Around Twin Hull) design is based on a joined pair of cylindrical prestressed concrete hulls anchored to the seabed via a "single point mooring (SPM) system" that allows the unit to rotate like a weathervane to face the wind.

"SATH is not just the most competitive floating solution for offshore wind Industry but it is a current cost-competitive solution to fully-proved monopiles," Saitec head of renewable energy Luis González-Pinto Barrenetxea tells Recharge.

"SATH's