Equinor and Naturgy to Bid in Spain’s First Offshore Wind Auction

Equinor and Naturgy have partnered up and entered a development agreement prior to Spain’s first upcoming offshore wind auction off the coast of the Canary Islands.

The Spanish government aims to transform its energy mix and plans to develop up to 3 GW of offshore wind by 2030.

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The first Spanish offshore wind auction is expected to be in the Canary region in 2023 and here Equinor and Naturgy are jointly assessing the opportunity to develop and construct a floating offshore wind project.

The cooperation is in line with the two companies’ joint ambition of utilizing their complementary capabilities to develop renewables in Spain, starting with commercial floating wind projects.

The Spanish energy company will contribute with its experience from onshore wind in Spain and Equinor with its proven capabilities in floating offshore wind technology and development.

“The development of floating wind opens a window of opportunity for Spain, allowing it to take advantage of locations away from the coast, with excellent wind resources, acting as a tractor of the economy through key sectors such as naval or civil. It is an energy and industrial opportunity, so Spain would seize this through the reconciliation of all interests linked to maritime activities,” said Jorge Barredo, managing director of Renewables, New Businesses and Innovation in Naturgy.

With more than 90 per cent of the Spanish offshore wind areas being deep waters, Spain has an exciting opportunity to spearhead the next wave of floating offshore wind in Europe, Equinor said.

”It is great to see the deployment of offshore wind in Spain. 3GW by 2030 is an ambitious target, with floating offshore wind it is doable. Equinor has a long history in Spain and Naturgy is a well-known partner for Equinor,” said Equinor’s senior vice president for business development in Renewables, Jens Økland.

”Together we now want to contribute long term to the country’ renewable energy plans and start off by developing the first commercial floating offshore wind farm in Spain.”

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Spain is said to play a key role in the supply chain for offshore wind in the rest of Europe and Equinor has a long history of working together with the Spanish offshore supply industry. Key components like floating substructures, the tower, and the mooring at Equinor’s Hywind Scotland floating wind farm were produced in Spain.

”As operator and developer of floating offshore wind farms we know the technology works, and we believe our floating experience makes us uniquely qualified to contribute to the development of floating offshore wind in Spain in a safe, sustainable and efficient way together with our partner. We look forward to collaborating further with the Spanish industry. Collaboration with ocean users is important to ensure co-existence with this developing industry,” said Sonja Chirico Indrebø, vice president Floating Offshore Wind at Equinor.

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Photo: Illustration/Hywind Scotland; Photo source: Equinor