Spanish utility Iberdrola is planning to invest more than €1bn in a 300MW floating windfarm off the coast of Spain, for which it is seeking funds from the EU’s Next Generation programme.
It did not say where it would build the farm, but it said Spain’s northwest region of Galicia, AndalucÃa in the south and the Canary islands were candidate sites for up to 2GW of floating farms.
If the scheme goes ahead this year, it would be the largest floating wind farm built so far, and would create more than 2,800 jobs a year until it becomes operational in 2026.
Smaller projects are already under way in Spain. Greenalia has launched a 50MW project off the Canary archipelago and plans a further 200MW which it says would provide enough power for 280,000 homes.
The project is one of 150 initiatives submitted by the company to the Next Generation EU programme in the fields of electrification, sustainable mobility, green hydrogen, innovative renewables, smart grids, circular economy and energy storage. Altogether, it said, these schemes could mobilise investments of €21bn.
By 2025, Iberdrola expects to reach 60GW of installed renewable capacity worldwide, of which 4GW will be offshore wind.
Image: Iberdrola is headquartered in Bilbao (Dreamstime)