Repsol and Ørsted join forces to develop floating offshore wind projects in Spain

Inspenet.

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By: Dr. Franyi Sarmiento, Ph.D., Inspenet, April 11, 2022

The Repsol oil company and the Danish public company Ørsted signed an agreement “to identify and, where appropriate, jointly develop floating offshore wind projects in Spain.”

Repsol announced last October that, “in the period between 2021 and 2025”, it will allocate “an additional one billion euros to low-carbon projects, up to a total of 6,500 million, compared to the 5,500 million euros established in its Strategic plan”.

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Ørsted brings three decades of experience in the development, construction, operation and ownership of fixed offshore wind farms and has also recently been awarded its first floating offshore wind lease area off the coast of Scotland.

The Nordic company, whose majority shareholder is the Danish state, has a growing portfolio of renewable hydrogen, solar and onshore wind power projects and has ambitions to install fifty gigawatts (50 GW) of renewable energy by 2030. To date, Ørsted has installed approximately 13,000 megawatts (13 GW) of renewable energy capacity between offshore wind (7.6 GW), onshore wind (3.4 GW) and sustainable biomass (2 GW).

It was recently ranked, for the fourth time in a row, as the world’s most sustainable energy company by Corporate Knights. The company has just opened an office in Madrid.

After several years of concept development and small-scale testing, floating offshore wind is now close to commercialization, with the global market for this technology expected to reach 21 GW of installed capacity by 2035.

Source : https://www.energias-renovables.com/eolica/repsol-y-rsted-se-alian-para-buscar-20220407

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