Ferrovial, the sustainable infrastructure and mobility company, and RWE, a world-leading renewables player, have agreed on 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. The partnership represents a strong combination of experience and expertise in offshore wind development and construction, efficient project delivery, safe operation and extensive knowledge of the Spanish energy market.
Gonzalo Nieto, CEO of Ferrovial Energy Infrastructure and Mobility:
“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.”
Sven Utermöhlen, CEO of RWE Offshore Wind GmbH:
“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.”
The powerful partnership will boost the expansion of offshore wind to contribute to Spanish energy targets. Spain has laid out a roadmap to becoming a leading European market for floating offshore wind, setting a target of 3 gigawatts (GW) of floating offshore wind capacity by 2030. Spain is a highly attractive market with significant development opportunities for offshore wind. In fact, the National Marine Spatial Plan indicates a potential capacity of more than 20 GW. The Spanish government has agreed on floating wind as the preferred technology for offshore wind, based on the considerable water depths.
To date, Ferrovial has submitted expressions of interest for four wind farms in the country with an installed capacity of 1,750 MW. 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 kilometers from the coast.