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Fri November 15 2024

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Ferrovial and RWE team up for floating offshore wind projects

17 Feb 23 Spanish construction group Ferrovial and German energy company RWE have signed a memorandum of understanding to develop, construct and operate a floating wind farm off the Spanish coast.

The Spanish government has set a target of 3GW of floating wind capacity by 2030
The Spanish government has set a target of 3GW of floating wind capacity by 2030

The Spanish government has announced that it wants the country to become a leading European market for floating offshore wind energy and has set a target of 3GW of floating wind capacity by 2030.

Spain鈥檚 National Marine Spatial Plan indicates a potential capacity of more the 20GW, according to Ferrovial.

To date, Ferrovial has submitted expressions of interest in four wind farms off the Spanish coast with an installed capacity of 1,750MW. These are located between 11km and 30km offshore from Lugo, Pontevedra, Gerona and Gran Canaria.

Ferrovial first entered the offshore floating wind farm sector in 2016 when it acquired Chilean company Tranchile which operates a 204km power line and supplies power to an estimated 300,000 people.

Gonzalo Nieto, chief executive of Ferrovial Energy Infrastructure and Mobility, said: 鈥淭his agreement represents a further step in our firm commitment to decarbonising the economy and to renewable energies.

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鈥淎t Ferrovial we clearly see the growth opportunities that this sector offers, which is why we have decided to partner with another market leader, RWE. Its capabilities, especially in offshore wind, are highly regarded and its presence in the renewables sector make it the right partner to strengthen our bid in Spain.鈥

Sven Uterm枚hlen, chief executive of RWE Offshore Wind, added: 鈥淪pain has been an important core market for RWE to grow our solar and onshore business for many years. Now we are excited to go one step further.

鈥淔loating 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.

鈥淭ogether with our partner Ferrovial, we are committed to contributing towards Spain鈥檚 offshore wind objectives.鈥

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