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RWE and Ferrovial to develop floating offshore wind projects in Spain



RWE and Ferrovial have joined hands for the development, construction and operation of floating offshore wind projects in Spain.

The company formed a partnership to analyze the joint development of the projects off the Spanish coast.

The duo has already signed a memorandum of understanding to set up the terms of a final agreement.

Gonzalo Nieto, chief executive of Ferrovial Energy Infrastructure and Mobility was quoted in a statement, "This agreement represents a further step in our firm commitment to decarbonizing the economy, and to renewable energies.”

He said that their company believes in immense growth opportunities in the renewable sector, as a result, they have joined hands with market leader RWE.

He further remarked, "Its capabilities, especially in offshore wind are highly regarded and its presence in the renewables sector make it the right partner to strengthen our bid in Spain."

In response, RWE offshore wind chief executive Sven Utermöhlen commented, "Spain has been an important core market for RWE to grow our solar and onshore business for many years. Floating offshore wind is key to meeting the increasing demand for renewable power in Europe, delivering sustainability solutions, supporting local industries and creating new, future-proof jobs.”

The duo has expressed that they partnership would contribute to achieving Spain’s offshore wind objectives with over 20 years of experience in the offshore industry.

The latest development comes at a time when Spain aims to become a leading European market for floating offshore wind. It has aimed to achieve 3GW of floating offshore wind capacity by 2030.

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