Eni’s Plenitude Teams Up with BlueFloat, Sener for Spanish Floating Offshore Wind

Business development

January 22, 2024, by Adnan Memija

Plenitude, a Benefit Corporation company of the Italian oil and gas major Eni, has reached an agreement with BlueFloat Energy and Sener Renewable Investments to join their strategic partnership to advance the development of wind projects offshore Spain.

The agreement with Plenitude bolsters the joint venture (JV) formed by BlueFloat and Sener Renewable Investments three years ago.

“The agreement with Plenitude strengthens our consortium thanks to their solid track-record in developing and executing renewable energy projects, financial strength, and strong technical capabilities, which are highly complementary to BlueFloat Energy’s expertise in offshore wind and Sener’s engineering competences,” said Carlos Martín, CEO of BlueFloat Energy.

The consortium has a total portfolio of approximately 1.25 GW of floating offshore wind projects across Galicia (Parque Nordés), Catalonia (Parc Tramuntana), and the Canary Islands (Parque Tarahal).

In Spain, Plenitude manages 430 MW of solar PV and onshore wind power in operation, 1 GW of projects that are under construction, and more than 2 GW of projects in development, according to BlueFloat.

Plenitude operates in 15 countries, with a portfolio of around 3 GW of renewable capacity in operations, an objective of 7 GW capacity expected to be in place by 2026, and more than 15 GW by 2030.

“Thanks to this agreement, we strengthen our offshore wind portfolio and commitment in the renewables sector in Spain. We are glad to start this collaboration with BlueFloat and Sener Renewable Investments to contribute to the country’s energy transition process, through an innovative and high-potential technological solution as floating offshore wind,” said Stefano Goberti, CEO of Plenitude.

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Last year, Spain’s national grid received its first power from the DemoSATH floating offshore wind project, introducing this type of renewable generation technology to the country’s energy mix for the first time.

Spain has recently approved a roadmap for the development of offshore wind which calls for the development of 3 GW of floating offshore wind capacity by 2030.