With a capacity of 300 MW with wind turbines, it represents an opportunity to develop value chain in the country and position the Spanish industry as an international benchmark.
Industrial and employment hub: design and engineering could start this year. Until its entry into operation in 2026, it would generate more than 2,800 jobs / year and involve 66 technology centers and Spanish companies, 52 of them SMEs
The innovative facility would become a spearhead of up to 2,000 MW in new developments identified by the company on the Spanish coast
The project is part of the 150 initiatives presented by the company to the Next Generation EU for the industrial transformation of Spain, which would mobilize investments of 21,000 million and would involve hundreds of SMEs
Iberdrola projects what will be the first industrial-scale floating offshore wind farm in Spain, to which it would allocate more than 1,000 million euros of investment for the commissioning of 300 MW of clean energy on the Spanish coast. The project represents an opportunity to develop value chain in the country and position the Spanish industry as an international benchmark, it has been presented to the Next Generation EU program and is aligned with the pillars of the Recovery, Transformation and Resilience Plan of the Government of Spain.
The renewable facility would become a pole of industrialization and employment in the country: the study, design and engineering could begin this year and until its entry into operation, planned in 2026, it would generate more than 2,800 annual jobs and would require the participation of 66 companies and Spanish technology centers, including 52 SMEs. In the short term, in the 2021-2022 scenario and before the start of the construction phase, the initiative could generate between 1,000 and 2,000 jobs.
This activity would involve, according to the company’s estimates, nine autonomous communities, thus contributing to the structuring of the territory and the creation of industrial and innovation opportunities in a growing market with a high export component. The project would also contribute to the fight against climate change, avoiding the emission into the atmosphere of 202,500 tCO2 / year.
Iberdrola would thus value the capabilities of an industrial fabric that it has helped to create in the country in recent years. The company has collaborated with Spanish suppliers such as Navantia, Windar, Ingeteam or Haizea Wind for the construction of critical components of its offshore wind farms Wikinger (Germany) and East Anglia ONE (United Kingdom) and those that it maintains under development, as is the case of Saint Brieuc (France).
This activity has promoted a business base, which has made Spain the fifth country in the world by number of factories in the supply chain of the offshore wind sector.
Spearhead of the development of up to 2,000 MW of floating offshore wind
This innovative and pioneering project would be the spearhead for the development of up to 2,000 MW of floating offshore wind power that the company has identified and that could be built on the Galician, Andalusian or Canary Islands coast.
The project is part of the 150 initiatives presented by the company to the Next Generation EU program -in the fields of heat electrification, floating offshore, sustainable mobility, green hydrogen, innovative renewables, smart grids, circular economy and energy storage-, which They would mobilize investments of 21,000 million and would involve hundreds of small and medium-sized companies.
The projects would generate 45,000 jobs / year, an economic growth of more than 1.5% of GDP, an improvement in competitiveness and the balance of payments -between 500 and 1,000 million euros / year- and the contribution to the demographic challenge, since more than 7,000 million euros are included in rural settings.
Likewise, they will have a positive impact on the competitiveness of the Spanish industrial fabric and will allow the green recovery in the short term and, in the medium and long term, the transformation of the country orienting it towards sectors of the future. The developments will contribute to the binomial green and digital transition, established by the European Union and are aligned with the Recovery, Transformation and Resilience Plan of the Government of Spain.
In addition, Iberdrola is implementing an investment plan of 14,300 million euros by 2025 in Spain, framed in a growth strategy that will lead it to invest 75,000 million euros in the world.
Towards global wind power leadership, also at sea
Iberdrola has become an international benchmark in the offshore wind market and has one of the largest offshore wind portfolios in the market, which amounts to more than 30 GW.
The company operates wind farms in the German Baltic Sea (Wikinger and Baltic Eagle), the North Sea (East Anglia ONE and East Anglia Hub) and the Irish Sea (West of Duddon Sands). It also makes progress in the Vineyard Wind ONE (800 MW off the coast of Massachusetts), Park City Wind (with a capacity of 804 MW) and Kitty Hawk (Virginia) projects -through Vineyard Wind- and in the Saint Brieuc park , on the French coast.
In recent months, it has also accessed an early-stage portfolio in new markets, which will become growth platforms in this segment, such as Sweden, Japan, Poland and Ireland. In Denmark, Iberdrola has recently agreed to go with Total to the country’s next offshore auction with the Thor offshore wind farm (1GW).
By 2025, Iberdrola plans to reach 60 GW of installed renewable capacity in the world, of which 4 GW will correspond to offshore wind energy.