Copenhagen Infrastructure Partners is on the hunt for more offshore wind and has now found a new target in Portugal, which is set to kick off the first-ever round of tenders this year.

If all goes according to plan, CIP will develop a 2GW floating wind farm called Nortada and invest a total of EUR 8.6bn in the endeavor, report several media, including Reuters.

”We are very pleased to enter and strengthen our foothold in Portugal’s growing offshore wind market. The Nortada project holds significant promise and provides us with a strong platform to assist in the development and growth of the Portuguese offshore wind industry as well as the creation of local jobs,” says CIP Partner Michael Hannibal in a press release.

Reuters does not disclose when the wind farm is slated for completion, though the media adds that the project is expected to count towards Portugal’s targets of 10GW in 2030.