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www.sname.org/sname/mt October 2012 r J O T U B M M B U J P O I B E U P C F D P N Q M F U F E J O with a 5-year design life but with a shorter testing and operation period. A Portuguese joint venture com- pany, WindPlus was created around the WindFloat project. This company plans to install approximately 150 MW of oat- ing wind in Portugal. WindPlus plans to implement this target in 3 phases: a dem- onstration phase, as described herein; a pre-commercial phase of 25-30 MW, which is planned to have 5 units in the water in 2016-2017; and nally a commercial phase for the balance of the 150 MW. In addition to the grant from the Portuguese Government Fund for Innovation, project partners pooled their resources to ? nance the demonstration phase. The current project partners include: s % $ 0 T H E 0 O R T U G U E S E E L E C T R I C U T I L I T Y s ! 3 I L V A - A T O S T H E 7 I N D &