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Iberdrola unveils plans for €1 billion Spanish floating project

By: Tom Russell 16/02/2021 Iberdrola

General Windfarms

Iberdrola is planning what will be the first industrial scale floating offshore wind farm in Spain, to which it would allocate more than €1 billion of investment to commission 300 MW of energy off the Spanish coast.

It has been submitted to the Next Generation EU programme and is aligned with the pillars of the Spanish government's Recovery, Transformation and Resilience Plan.

Iberdrola stated that the study, design and engineering could begin this year and it could generate more than 2,800 jobs per year until it becomes operational in 2026. The scheme would require the participation of 66 Spanish companies and technology centres, including 52 SMEs. In the short term, the company claims the initiative could generate between 1,000 and 2,000 jobs during 2021-2022, before the start of the construction phase.

Iberdrola also highlighted that this project could spearhead the development of up to 2,000 MW of floating offshore wind projects identified by the company off the coasts of Galicia, Andalusia and the Canary Islands.

Iberdrola`s offshore wind portfolio now includes projects in the German Baltic Sea (Wikinger and Baltic Eagle), the North Sea (East Anglia ONE and East Anglia Hub), the Irish Sea (West of Duddon Sands), off the coast of Massachusetts (Vineyard Wind) and off France (Saint Brieuc).

More recently, Iberdrola has taken access to early-stage capacity of 9 GW in Sweden, more than 3 GW in Japan and up to 7.3 GW in Poland. In Denmark, Iberdrola is also working with Total on an auction process for the Thor offshore wind farm, which could have a capacity of up to 1GW.

By 2025, Iberdrola expects to reach 60 GW of installed renewable capacity worldwide, of which 4 GW will be offshore wind.

For more information on offshore wind farms worldwide, click here.

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Iberdrola unveils plans for €1 billion Spanish floating project

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