Iberdrola plans first industrial-scale Spanish floating offshore wind farm

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Iberdrola is planning the first industrial-scale floating offshore wind farm in Spain, to which it would allocate more than EUR1 billion (US$1.2 billion) of investment to commission 300 MW of clean energy off the Spanish coast. The project 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.

The study, design and engineering of the project could begin in 2021 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 initiative could generate between 1,000 and 2,000 jobs during 2021-2022, before the start of the construction phase.

The project would also contribute to the fight against climate change, with 202,500 tonnes of carbon emissions saved per year.

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