Spain has set a target to install 3GW of floating wind towards 2030 and after several years of testing the still young technology, Ørsted is ready to embark on a floating wind venture with Spanish oil outfit Repsol coming on as a companion.

”We’re excited to join forces with Repsol to explore floating offshore wind development in Spain and to reaffirm our commitment to driving the commercialization of this technology, which will extend the reach of offshore wind by enabling installations further offshore and in deeper waters,” says Ørsted Deputy Group Chief Executive Martin Neubert.

Repsol has high hopes for the Danish-Spanish partnership, which builds on the parties’ respective competences. The project will further develop Repsol’s expertise as a global supplier of various energy forms and Ørsted’s extensive experience in offshore wind.

”Having Ørsted, the world leader in offshore wind, as a partner positions us to be relevant in the future development of the floating technology, with which we already have experience thanks to our involvement in the Windfloat Atlantic project off the coast of Portugal,” says João Costeira, Repsol’s Executive Director for Low Carbon Generation.

Ørsted seeks equity expansion of 20 percent ahead of 2027

Ørsted, ATP aim to expand Danish energy island to supply green power to 20 million households

Ørsted divests half stake in Hornsea 2 at a discount

Ørsted: No word from Gazprom on ruble payment