Repsol, Ørsted eye floating wind development in Spain's waters
The WindFloat Atlantic project in Portugal. Artist name: Dock90. Courtesy of Principle Power.
Spanish multi-energy group Repsol SA (BME:REP) and Danish offshore wind major Ørsted A/S (CPH:ORSTED) have formed an alliance to explore joint floating wind development in Spain.
In a joint statement on Tuesday, the partners said that they have signed an agreement to “identify and, where appropriate, jointly develop” floating offshore wind projects off Spain’s coast, without revealing other details.
Repsol has some experience with floating wind technologies as one of the partners in the operational 25-MW WindFloat Atlantic array in Portugal's waters. After installing 7.6 GW of bottom-fixed offshore wind, Ørsted secured its first floating wind lease area in the ScotWind leasing round earlier this year.
Spain, which does not have suitable conditions for bottom-fixed wind farms in its deep territorial waters, is betting on floating wind and other marine renewables instead. In 2021, the Spanish government set the target to have between 1 GW and 3 GW of floating wind capacity and up to 60 MW of other types of marine renewables by 2030.
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