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Ferrovial and RWE team up on offshore wind in Spain

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) 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.

The 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.

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