RWE and Ferrovial, the sustainable infrastructure and mobility company, have formed a partnership to analyze the joint development, construction and operation of floating offshore wind projects off the Spanish coast.
The companies have signed a memorandum of understanding (MoU) in order to set up the terms of a final agreement.
Gonzalo Nieto, chief executive of Ferrovial Energy Infrastructure and Mobility said: “This agreement represents a further step in our firm commitment to decarbonizing the economy, and to renewable energies.
“At 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.”
RWE offshore wind chief executive Sven Utermöhlen added: “Spain 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.
“Floating 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.
“Together with our partner Ferrovial we are committed to contributing towards Spain’s offshore wind objectives – hand in hand with the local communities and supply chain.
“We bring more than 20 years of experience in the offshore industry to this partnership.”
Spain has laid out a roadmap to becoming a leading European market for floating offshore wind, setting a target of 3GW of floating offshore wind capacity by 2030.
Ferrovial has submitted expressions of interest for four wind farms in the country with an installed capacity of 1750MW.
Specifically, the company plans to build these infrastructures off the coast in Lugo, Pontevedra, Gerona and Gran Canaria.
All of them would be located between 11 and 30 kilometres from the coast.