First cross-border offshore wind project on Spanish-Portuguese border announced

The Juan Sebastián Elcano and Creoula floating offshore wind projects are located off the coasts of Pontevedra and Viana do Castelo and will cover a total area of 530 km². Together both projects will have an installed capacity of 1.96 GW, IberBlue Wind said.

The projects will have approximately 109 turbines that will - when operational - have the capacity to supply electricity to over one million homes. The names Juan Sebastián Elcano and Creoula were chosen as a tribute to two historic training ships that are part of the Spanish and Portuguese Navy.

The global investment required for the construction and maintenance of the two projects could exceed 4,000 million euros and generate more than 5,000 jobs. These projects represent a pioneering approach to offshore floating wind development that will bring important benefits for both countries. The maximised synergies could lower development costs by 32%.

Adrián de Andrés, Vice President of IberBlue Wind said; "It is very exciting to develop cross-border floating offshore wind projects and to collaborate with both Portuguese and Spanish governments on this positive opportunity for both countries. We have already engaged with both authorities when we presented our projects to the Spanish and Portuguese authorities, and we look forward to continued engagement."

Juan Sebastián Elcano will consist of 29 floating wind turbines, of 18 MW each, which gives it a nominal capacity of 522 MW. Creoula will have 80 turbines of 18 MW each and an installed capacity of 1,440 MW.