Spanish multinational Ferrovial and renewables company RWE have formed a partnership aimed at developing, constructing and operating floating offshore wind off the Spanish coast.
The partners are looking to expand offshore wind to contribute to Spain’s energy target of 3GW of floating offshore wind capacity by 2030.
According to RWE, Spain is an attractive market for offshore wind. The National Marine Spatial Plan indicates a potential capacity of more than 20GW and the deep waters make floating wind ideal technology for the area.
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Sven Utermöhlen, CEO of RWE Offshore Wind GmbH, said: “Floating offshore wind is key to meeting the increasing demand for renewable power in Europe, delivering sustainability solutions, supporting local industries and creating new, future-proof jobs. Together with our partner Ferrovial we are committed to contributing towards Spain’s offshore wind objectives…”
Gonzalo Nieto, CEO of Ferrovial Energy Infrastructure and Mobility said in a statement: “At Ferrovial, we clearly see the growth opportunities that this sector offers, which is why we have decided to partner with another market leader, RWE.”
To date, Ferrovial has submitted expressions of interest for four wind farms in the country with an installed capacity of 1,750MW. The company plans to build these projects off the coast in Lugo, Pontevedra, Gerona and Gran Canaria. All of them would be located between 11 and 30 kilometres from the coast.
RWE’s partnership with Ferrovial in offshore wind builds on a long-established renewables business in Spain, comprising onshore wind capacity of around 490MW, solar capacity of more than 90MWac and more than 150MW under construction.