Iberdrola is planning the first industrial scale floating offshore wind farm in Spain. More than €1 billion of investment will be allocated to commission 300 MW of energy off the Spanish coast.
The project is one of 150 initiatives submitted by the company to the Next Generation EU program, in the fields of heat electrification, floating offshore, sustainable mobility, green hydrogen, innovative renewables, smart grids, circular economy, and energy storage.
The study, design and engineering could start this year, generating more than 2,800 jobs per year until it becomes operational in 2026.
The plan would require the participation of 66 Spanish companies and technology centres.
Iberdrola also noted that this project could lead to 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.