Commercial bottom-fixed wind farms are limited to areas with depths of less than 200 feet and floating technology is key to harnessing the full potential of the world's offshore wind resources. It will start with an initial 15-25 turbine, 300-megawatt floating array, with plans to scale up to one GW over an 8-to-10-year period. Company News Adriatic Metals* (LON:ADT1) 122.5p, Mkt cap £241m – Exploitation permit granted for Veovaca Adriatic has received an exploitation permit for its Veovaca project from the Federal Ministry for Energy, Mining and Industry, initiating the formal exploitation period for the project of 30 years under the terms of the Concession Agreement.