Connection

popular articles

Relyion Energy validates UL 9540A tests for its energy storage batteries
The United States Suspends New Energy Efficiency Standards for Key Household Appliances
Myanmar: Government Declares State of Emergency Amid the Energy Crisis.
The World Bank anticipates a historic drop in oil prices in 2025
Soleos Energy and Melci Launch a 200 MW Solar Power Plant in DRC

IberBlue Wind invests in offshore wind in Portugal

The IberBlue Wind consortium will invest more than €4 billion to create a combined capacity of 1.96 GW in two offshore wind farms in Portugal and Spain. The farms, Creoula and Juan Sebastian Elcano, will comprise approximately 109 turbines and will contribute to Portugal's goal of generating 80% of its annual electricity needs from renewable sources by 2026.
  • [favorite_button]

Please share:

The Irish-Spanish consortium IberBlue Wind has announced plans to invest more than €4 billion ($4.36 billion) in two offshore wind farms off the coast of Portugal and Spain.

Offshore wind energy, a key solution to meet Portugal’s energy needs

The goal is to create a combined installed capacity of 1.96 GW, capable of supplying electricity to more than one million homes. The two parks, named Creoula and Juan Sebastian Elcano, will include approximately 109 turbines and will occupy an area of 530 km² (205 square miles).

The larger of the two wind farms, Creoula, will consist of 80 turbines of 18 MW each and will be located in areas proposed by the Portuguese government for the development of offshore wind farms. The project will contribute to Portugal’s goal of installing 10 GW of offshore wind power by 2030. In January of this year, Portugal launched public consultations on proposals for the delimitation of offshore areas suitable for the development of wind farms, estimating a total investment of between 30 and 40 billion euros by 2030.

IberBlue Wind: a significant investment in renewable energy

The shift to renewable energy sources has been accelerated in Europe due to record gas prices in 2022, following the invasion of Ukraine by Russia, Europe’s main gas supplier. Portugal aims to produce 80% of its annual electricity needs from renewable sources by 2026, up from about 60% in 2022, which was already one of the highest ratios in Europe.

The consortium estimates that the cost of the cross-border development could be 32% lower than the two wind farms developed separately. Consortium partners include Irish offshore floating wind developer Simply Blue Group, the engineering division of Spanish group Grupo Amper and Spanish renewable energy developer FF New Energy Ventures.

Overall, IberBlue Wind’s investment in the two offshore wind farms in Portugal and Spain represents a significant step towards renewable energy sources and will contribute to the growing trend of European nations investing in green energy sources.

Register free of charge for uninterrupted access.

Publicite

Latest news

India’s coal-fired electricity generation drops 9.5% in May, steepest decline in five years
Pine Gate signs 586 MW deal with Waaree for US-made solar modules
CIB grants $97mn loan for Wedgeport Wind Farm in Nova Scotia
NANO Nuclear strengthens its board with former U.S. Department of Energy official
US crude oil inventories fall by 4.3 million barrels

Recently published in

CIB grants $97mn loan for Wedgeport Wind Farm in Nova Scotia

The Wedgeport Wind project led by Elemental Energy secures $97mn from the Canada Infrastructure Bank to install 12 turbines in southwest Nova Scotia.
Provence Grand Large: full commissioning of France’s first floating offshore wind farm
France’s first floating wind farm, Provence Grand Large, located off the Gulf of Fos, has been commissioned with a 25 MW capacity, supplying the equivalent annual electricity consumption of 45,000 people.
en_1140290988540
Provence Grand Large: full commissioning of France’s first floating offshore wind farm
France’s first floating wind farm, Provence Grand Large, located off the Gulf of Fos, has been commissioned with a 25 MW capacity, supplying the equivalent annual electricity consumption of 45,000 people.
en_1140290988540
RWE sells 49% stake in two offshore wind projects to Norges Bank for €1.4bn
Norges Bank Investment Management has finalised the acquisition of stakes in RWE's German and Danish projects, representing 2.6 GW of planned installed capacity by 2029.
en_1140290964540
RWE sells 49% stake in two offshore wind projects to Norges Bank for €1.4bn
Norges Bank Investment Management has finalised the acquisition of stakes in RWE's German and Danish projects, representing 2.6 GW of planned installed capacity by 2029.
en_1140290964540
Enlight secures $310mn to develop Spain’s largest hybrid power complex
Enlight has secured $310mn in financing to convert Gecama into a 554 MW wind-solar-storage hybrid plant, making it the largest installation of its kind in Spain.
en_1140290959540-3
Enlight secures $310mn to develop Spain’s largest hybrid power complex
Enlight has secured $310mn in financing to convert Gecama into a 554 MW wind-solar-storage hybrid plant, making it the largest installation of its kind in Spain.
en_1140290959540-3

France adjusts offshore wind contracts to avoid losses during negative pricing

The contracts for the offshore wind farms of Fécamp, Saint-Nazaire and Saint-Brieuc have been amended to allow production shutdowns when electricity prices fall below zero on the market.
AMEA Power commissions Africa’s largest wind power plant in Egypt
AMEA Power has completed the commissioning of a 500MW wind power plant in Ras Ghareb, bringing its total deployed capacity in Egypt to 1GW within six months.
en_1140290950540-2
AMEA Power commissions Africa’s largest wind power plant in Egypt
AMEA Power has completed the commissioning of a 500MW wind power plant in Ras Ghareb, bringing its total deployed capacity in Egypt to 1GW within six months.
en_1140290950540-2
Innergex and MMBC raise $323 mn for Mesgi’g Ugju’s’n 2 wind project
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
en_1140290944540
Innergex and MMBC raise $323 mn for Mesgi’g Ugju’s’n 2 wind project
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
en_1140290944540
Aker Solutions secures 2 GW contract for BalWin2 in Germany
Aker Solutions will deliver the steel structure for an HVDC converter station for the offshore BalWin2 project developed by Amprion Offshore, under a contract valued at up to NOK2.5bn ($228mn).
en_1140290949540
Aker Solutions secures 2 GW contract for BalWin2 in Germany
Aker Solutions will deliver the steel structure for an HVDC converter station for the offshore BalWin2 project developed by Amprion Offshore, under a contract valued at up to NOK2.5bn ($228mn).
en_1140290949540

CIP sells 25% stake in offshore wind project in the Philippines to ACEN

Copenhagen Infrastructure Partners sells a minority stake in its 1 GW project to ACEN to accelerate its development ahead of upcoming energy auctions planned by the Philippine government.
Eolus raises SEK550mn in green bonds to refinance its debt
Swedish wind developer Eolus has issued senior secured green bonds worth SEK550mn ($51.5mn), enabling the full refinancing of its existing debt.
en_1140290943540-17
Eolus raises SEK550mn in green bonds to refinance its debt
Swedish wind developer Eolus has issued senior secured green bonds worth SEK550mn ($51.5mn), enabling the full refinancing of its existing debt.
en_1140290943540-17
ENERTRAG commissions six ENERCON E138 turbines in northern Germany
The Mattheshöhe wind farm, composed of six turbines with a unit capacity of 4.26 MW, has entered operation under ENERTRAG’s management in the Uckermark region.
en_1140290946540-14
ENERTRAG commissions six ENERCON E138 turbines in northern Germany
The Mattheshöhe wind farm, composed of six turbines with a unit capacity of 4.26 MW, has entered operation under ENERTRAG’s management in the Uckermark region.
en_1140290946540-14
VALOREM deploys 27 MW wind farm in Greece and plans 515 MW of new projects
French group VALOREM has inaugurated a 27 MW wind farm in Kozani and plans 515 MW of additional projects in Greece, reinforcing its investment strategy in the local market.
en_1140290960540-13
VALOREM deploys 27 MW wind farm in Greece and plans 515 MW of new projects
French group VALOREM has inaugurated a 27 MW wind farm in Kozani and plans 515 MW of additional projects in Greece, reinforcing its investment strategy in the local market.
en_1140290960540-13

Enel acquires 285 MW of wind capacity in the US through asset swap

Enel Green Power North America will increase its consolidated renewable capacity in the US through a wind asset swap agreement with Gulf Pacific Power, for a net consideration of $50mn.
CETY signs $85mn acquisition offer in wind and solar sectors in Europe
Clean Energy Technologies announces a non-binding agreement with a European renewable energy developer, supported by a $4.4mn capital raise for a transaction estimated at $85mn.
en_1140290944540-13
CETY signs $85mn acquisition offer in wind and solar sectors in Europe
Clean Energy Technologies announces a non-binding agreement with a European renewable energy developer, supported by a $4.4mn capital raise for a transaction estimated at $85mn.
en_1140290944540-13
Dogger Bank C HVDC offshore platform installed, completing all three substations
Dogger Bank Wind Farm has completed the installation of its third offshore HVDC converter platform, marking a major step in the development of the world’s largest offshore wind farm under construction.
en_1140290956540-13
Dogger Bank C HVDC offshore platform installed, completing all three substations
Dogger Bank Wind Farm has completed the installation of its third offshore HVDC converter platform, marking a major step in the development of the world’s largest offshore wind farm under construction.
en_1140290956540-13
Ørsted completes installation of 24 foundations at Greater Changhua 2b wind farm
Danish company Ørsted completed ahead of schedule the installation of 24 subsea foundations off Taiwan’s coast for its offshore wind farm Greater Changhua 2b, using a non-piling technology.
en_1140290957540-13
Ørsted completes installation of 24 foundations at Greater Changhua 2b wind farm
Danish company Ørsted completed ahead of schedule the installation of 24 subsea foundations off Taiwan’s coast for its offshore wind farm Greater Changhua 2b, using a non-piling technology.
en_1140290957540-13

Japan: New Measures to Revive Offshore Wind Following Costly Delays

Facing rising costs and industry hesitation, Tokyo is considering major regulatory adjustments to boost its ambitious offshore wind program, crucial for the country’s energy diversification.
Galileo and Hope secure environmental approval for 1.1-GW floating wind project in the Adriatic Sea
Italy's Ministry of the Environment has approved the environmental impact assessment for the Barium Bay project, clearing the way for its participation in a 3.8-GW offshore tender.
en_1140290977540-4
Galileo and Hope secure environmental approval for 1.1-GW floating wind project in the Adriatic Sea
Italy's Ministry of the Environment has approved the environmental impact assessment for the Barium Bay project, clearing the way for its participation in a 3.8-GW offshore tender.
en_1140290977540-4
VALOREM launches citizen fundraising for €300mn wind farm in Finland
French group VALOREM is launching a crowdlending campaign in Finland to finance early-stage development of a large-scale wind project in the municipality of Kiuruvesi.
en_1140290955540-11
VALOREM launches citizen fundraising for €300mn wind farm in Finland
French group VALOREM is launching a crowdlending campaign in Finland to finance early-stage development of a large-scale wind project in the municipality of Kiuruvesi.
en_1140290955540-11
Trump authorises resumption of Empire Wind offshore project near New York
After being suspended in April, the Trump administration lifted the freeze on Equinor’s offshore Empire Wind project, reviving a $2.5bn construction site expected to power 500,000 homes.
en_1140290956540-10
Trump authorises resumption of Empire Wind offshore project near New York
After being suspended in April, the Trump administration lifted the freeze on Equinor’s offshore Empire Wind project, reviving a $2.5bn construction site expected to power 500,000 homes.
en_1140290956540-10

Norway to award up to 500 MW of floating wind with direct subsidies

Norway has launched a floating wind tender at Utsira Nord, including a subsidy cap of NOK35bn ($3.37bn) despite economic pressures hampering the sector.
$960mn in funding secured for Des Neiges wind project in Québec
BVH1 s.e.n.c., a partnership between Boralex, Énergir and Hydro-Québec, has secured funding for a 400 MW wind project under construction on private land in the Seigneurie de Beaupré.
en_1140290949540-9
$960mn in funding secured for Des Neiges wind project in Québec
BVH1 s.e.n.c., a partnership between Boralex, Énergir and Hydro-Québec, has secured funding for a 400 MW wind project under construction on private land in the Seigneurie de Beaupré.
en_1140290949540-9
ENGIE signs preliminary deal to power data centre in Texas
ENGIE North America plans to supply up to 300 MW of electricity to Cipher Mining for a Texas-based data centre through a local wind facility.
en_1140290943540-8
ENGIE signs preliminary deal to power data centre in Texas
ENGIE North America plans to supply up to 300 MW of electricity to Cipher Mining for a Texas-based data centre through a local wind facility.
en_1140290943540-8
Boralex Reports $41 Million Profit Despite Lower Energy Production
Boralex announces quarterly net earnings of CAD 41 million, marked by a 4% decrease in energy production, despite successfully commissioning its first wind farm in the United Kingdom.
en_1140290952540-8
Boralex Reports $41 Million Profit Despite Lower Energy Production
Boralex announces quarterly net earnings of CAD 41 million, marked by a 4% decrease in energy production, despite successfully commissioning its first wind farm in the United Kingdom.
en_1140290952540-8

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS