Galp and TotalEnergies have agreed to jointly explore potential offshore wind opportunities in Portugal, as the country prepares to promote a plan for 10GW of offshore wind-power capacity in the coming years.
The two companies will work together to develop potential offshore wind projects along the Portuguese coast.
This partnership will combine Galp’s presence, experience, and knowledge in the Portuguese market with TotalEnergies’ expertise in large-scale offshore wind projects (with a 12GW global portfolio) and growing Iberian presence.
Portugal, one of the European countries with the highest share of wind power in its electricity mix, has set the ambition to promote the development of 10GW of offshore wind capacity.
This opens a range of opportunities given its wide coastline with favourable weather conditions and the existing industrial infrastructure, according to the pair.
Olivier Terneaud, vice president for offshore wind at TotalEnergies, said: “We are delighted with this new partnership with Galp, one of the most relevant players in Iberia, which will contribute to our ambition to install 100GW of global renewable generation capacity by 2030.
“TotalEnergies is a major player in the energy transition in Europe.
“Offshore wind energy will strengthen TotalEnergies’ renewable activities in Portugal where we have a total portfolio of more than 1 GW of solar and wind projects in operation or under development.”
Galp’s executive board member for renewables, new businesses, and innovation Georgios Papadimitriou added: “Galp plans to transform its industrial base in Portugal to provide a wide range of low-carbon energy solutions and renewables are the backbone for this transition.
“As the country is looking into offshore wind, we could think of no better partner to team-up with than TotalEnergies as we prepare to explore this new opportunity.”
In Portugal, TotalEnergies has more than 130 employees, working on renewable energies, and a portfolio of more than 550MW of wind and solar energy under development.
It operates with one of its affiliates, Total Eren, a portfolio of 545.1MW of installed RES capacity covering several technologies, namely onshore wind, solar PV, as well as hydro.