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IberBlue Wind intends to invest EUR 2.5 B in Floating Wind Farm in Portugal


IberBlue Wind intends to invest EUR 2.5 B in Floating Wind Farm in Portugal - portugalbusinessesnews.com
IberBlue Wind intends to invest EUR 2.5 B in Floating Wind Farm in Portugal - Portugal Business News

IberBlue Wind intends to invest EUR 2.5 B in a Floating Wind Farm in Figueira da Foz, in central Portugal and 55% of the investment will be national. The Botafogo project will be the largest floating offshore wind farm in Portugal and will contribute to the supply of clean energy in the region.


The offshore wind farm will be comprised of 55 wind turbines of 18MW each and is expected to produce 990 MW that will be enough to supply 670,000 homes per year.


IberBlue Wind, that is a joint venture with Irish company Simply Blue Group as well as Spanish companies Proes Consultores and FF New Energy Venture, has submitted a Letter of Interest that is a required step for obtaining a permit. The consortium is specialized in the development of floating offshore wind farms that will operate on the Iberian market and their objective is to position Spain and Portugal as leaders in the field of renewable energy.


The Botafogo project will have an operational life of more than 25 years and will be located at a distance of at least 20 km from the coast in order to limit the visual impact. With the use of cutting-edge technology to produce zero-carbon electricity, it is expected to contribute to the Portuguese government’s target of 10 GW of offshore wind by 2030.




#IberBlueWind #floatingwindfarmPortugal #Botafogoproject #SimplyBlueGroup #ProesConsultores #FFNewEnergyVenture #renewableenergyportugal #investmentsportugal #portugalnews #portugalbusinessnews


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