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CIP unveils Portugal offshore wind investment plans

By: Tom Russell 10/02/2023 CIP

General Windfarms

Danish investment firm Copenhagen Infrastructure Partners revealed plans to invest up €8 billion in floating offshore wind energy in Portugal. Its entry into the Portuguese offshore market includes plans to realise the 2GW Nortada project off the coast of Figueira da Foz.

The project is poised to be the first large-scale offshore floating wind farm in Portugal and could create 800 jobs during the construction and 450 jobs in maintenance. Law firm Abreu Advogados is advising the Danish company on the project.

It follows news last month of revealing the proposed designated offshore wind areas which will be tender to help the Portugal reach its 10 GW of offshore wind by 2030.

Currently only one offshore wind farm is operating off the Portuguese coast, the 25 MW WindFloat Atlantic. The project's was among the world’s first semi-submersible floating wind farms and is led by the Windplus consortium, comprising EDP Renewables (54.4%), ENGIE (25%), Repsol (19.4%) and Principle Power Inc. (1.2%). Windplus installed and connected three floating wind platforms - measuring 30 m in height with a 50 m distance between columns. Each is able to accommodate an 8.4 MW turbine, the largest ever installed on a floating platform.

It followed the WindFloat 1, near Póvoa do Varzim, which was installed back in 2011. The project was a full life cycle demonstration featuring a Vestas V-80 2 MW turbine, and was decommissioned in 2020.

Further offshore wind projects to be installed in Portuguese waters are currently in the early planning phase of development. Baywa r.e. is planning to build a 600 MW subsidy free project in a dedicated zone for renewable energy off the coast of Viana do Castelo. This includes the Marine Power Systems (MPS) and WavEC plans for the Pelaflex demonstration at the Aguçadoura test site.

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CIP unveils Portugal offshore wind investment plans

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