The company is already testing a scale model of the floating platform and has released images of its design for the full-size platform, including its novel transportation method.
Through its UK subsidiary, Iberdrola Engineering and Construction, the Spanish power company is developing the tension-leg platform specifically for the UK market.
The EUR 1 million TLPWind project will result in a platform model that will be installed in UK waters at depths of between 60 and 100 metres.
The concept consists of a central cylindrical column with four pontoons symmetrically extending from its base. Each of the outer ends of the four pontoons incorporates elements that allow the connection of two tendons per pontoon.
These tensioned tendons will be used to moor the platform to the seabed.
The dimensions and weight of the steel used will be restricted to bring down construction costs, the company said.
Iberdrola is ultimately aiming to install a turbine in the 5MW range on the platform.