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BlueFloat Energy, Greenvolt to Jointly Tackle Offshore Wind Projects in Portugal

Spain-headquartered BlueFloat Energy and Greenvolt have joined forces to develop offshore wind projects in Portugal.

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According to the partners, Portugal holds great potential for offshore wind, which is now recognised by the national policymakers who seek to unlock the potential of this technology to deliver on the country’s decarbonisation targets.

Portugal has recently identified draft areas for offshore wind development as part of the government’s plan to award 10 GW of capacity that would be grid-connected by 2030.

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The auction is expected to take place in autumn 2023.

Greenvolt brings local development and permitting expertise as well as strong local brand recognition, whereas BlueFloat Energy contributes with extensive technical expertise in floating offshore wind and a unique understanding of floating technology, the companies said.

Greenvolt has a differentiating strategy for utility scale solar and wind projects, focusing on the development phase. Through this partnership with BlueFloat Energy, one of the leading offshore wind developers with a unique hands-on experience in floating technology, Greenvolt maintains its strategic positioning now expanding to the offshore wind segment In Portugal“, said João Manso Neto, CEO of the Greenvolt Group.

With a focus on floating wind technologies, BlueFloat Energy’s portfolio of both bottom-fixed and floating projects comprises 24 GW of planned capacity across nine countries: Spain, France, Italy, Scotland, Australia, New Zealand, Taiwan, Colombia, and Portugal.

When it comes to Greenvolt, the company, in addition to power generation from forest residues and urban wood residues in both Portugal and the UK, is a promoter of wind and solar photovoltaic projects, operating in several European markets and in the US market as well.

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