IberBlue Wind Launches in Spain and Portugal with the Objective of Promoting Iberian Leadership in Floating Offshore Wind

Simply Blue Group, Proes Consultores and FF New Energy Ventures have formed a joint venture that brings together expertise in all phases of floating offshore wind farm development.

The joint venture will focus its operations in Spain on Andalusia and Galicia, while in Portugal it will focus on the central and northern parts of the country IberBlue Wind aims to develop around 2GW of floating offshore wind farms

Madrid, September 19th, 2022. IberBlue Wind, a joint venture focused on the development of floating offshore wind farm projects, is commencing operations in Spain and Portugal with the aim of becoming one of the leading players in the offshore market off the Iberian Peninsula.

The company presented its strategic plans for the market today in Madrid. Its three backers - Global Irish company Simply Blue Group and the Spanish companies Proes Consultores and FF New Energy Ventures - have collectively extensive international experience in renewable project development. Thanks to this alliance, IberBlue Wind has the capacity to take on all phases of floating offshore wind farm development.

Simply Blue Group is a global developer of floating offshore wind farms with projects in Ireland, UK, US, Poland, and Sweden. Simply Blue Group currently has a pipeline of 10GW of projects under development. As part of its growth strategy, the company is now expanding into the Spanish and Portuguese markets.

Proes Consultores is the specialised engineering and architecture division of the Amper Group, with broad experience in the marine and coastal engineering sectors. Proes Consultores offers engineering, industrial and technological services and has participated in the design of Kincardine, a floating wind project in Scotland. Proes is one of the companies integrated into the Amper Group, a multidisciplinary group that also counts amongst its subsidiaries, Nervión Offshore, a global leader in the construction and assembly of offshore wind farms.

The third member is FF New Energy Ventures, a leader in the development, construction, and operation of solar photovoltaic and renewable energy plants in Spain, which has incorporated offshore wind energy into its portfolio. It is currently developing solar PV, wind and BESS projects in Spain and Portugal, having so far created a portfolio of 2 GW between the two countries, with more than 0.5 GW with connection rights already secured.

Supported by the alliance of these three leading companies, IberBlue Wind will participate in the public auctions for offshore sites off Spain and Portugal and will undertake the early development and design of the projects in advance of the construction and commissioning of wind turbines. To this end, its aim is to develop around 2 GW of floating offshore wind capacity off the Iberian Peninsula, comprising wind farms each of 500MW or more.

Initially, IberBlue Wind will focus on two strategically selected regions. In Spain, it will start in Andalusia, where it aspires to lead the promotion of offshore wind energy as a new economic engine for the region; and Galicia, one of the communities with the greatest potential for this form of renewable energy. In Portugal, IberBlue Wind will focus on the central and northern parts of the country where there is an excellent wind energy resource.

Iberian offshore wind market leadership potential

During the launch, Adrián de Andrés, Vice President of IberBlue Wind, highlighted "the potential for Spain and Portugal to become world leaders in offshore wind generation, as both countries have excellent wind resources, a long history in coastal engineering and first-class public works".

IberBlue Wind can play a key role in delivering this goal because, as De Andrés said, "we can leverage our knowledge and experience acquired in floating offshore wind projects in Great Britain, Ireland and elsewhere, in the Iberian market.” In his speech, the Vice President also called for the Spanish government to be "more ambitious" in the tendering of offshore wind farms. In this context, he stated that the generation capacity of these facilities in Spain could reach more than 10GW in the long-term future.

This generation capacity is much higher than initially envisaged in the Roadmap for Offshore Wind and Marine Energy Development, which has set a target of between 1 and 3GW by 2030. The current draft of the Marine Spatial Plan assigns a space for offshore wind that only covers 0.8% of the available maritime space along its 8,000km of coastline; a density that he described as "conservative" if one considers that leading countries such as Scotland already allocate around 2.5%.

Regarding Portugal, Adrián de Andrés considers that its legislation "is ready to provide exclusive maritime space for wind energy, although a regulation is needed to establish the procedure for the auctioning of these development rights". In Portugal, which has 987 kilometres of coastline, the government has committed to producing 8GW of ocean renewable energy in the coming years, almost double the 5.6GW of current onshore wind power generation capacity.

Offshore energy, under discussion

The presentation also included the round table "Offshore wind: the challenge of blue energy in the Iberian market", with the participation of Juan Ramón Ayuso, Head of the Wind and Offshore Energy Department of the Institute for Energy Diversification and Saving (IDAE); Tomás Romagosa, Technical Director of the Spanish Wind Energy Association (AEE); Antonio Sarmento, President of WavEC Offshore Renewables of Portugal and Dorleta Marina, Portfolio Director of IberBlue Wind.

The experts analysed the current legislative context in Spain and Portugal and explained the main challenges facing the sector in the coming years.