Offshore winds has always been known to cause showers and thunderstorms. These winds are now being utilized to generate renewable electricity which is safer for the environment. Principle Power, a new company that was started in January this year has planned its first project on the offshore of Tillamook County coast of Oregon. The firm has raised an amount of $20 million to provide a power of 150-megawatt power to Oregon.

Principle Power has already secured license from Marine Innovation and Technology for WindFloat, an establishment that supports offshore windmills and also signed an agreement with the Tillamook Intergovernmental Development Agency for the project. As said by the co-founder and President Jon Bonanno, of the $20 million the company has raised, a loan of $2.3 million is convertible which gives the lenders shares in the company. This money will be used to fund the project. The company uses renewable technology devised by others in the building of these offshore wind power plants.

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