Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Portugal raises ambitions for offshore wind power

    Portugal raises ambitions for offshore wind power

    July 19, 2023
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Offshore wind turbine

    Lisbon — Portugal has increased its ambitions for offshore wind energy and has sharply raised its target for a first auction of offshore floating windfarm licenses, Environment Minister Duarte Cordeiro told Reuters on Tuesday.

    Cordeiro said the sale, due to take place by the end of the year, will target a total installed capacity of between 2 and 3.5 gigawatts (GW), compared with a target of around 1 GW for the auction set by the government in May.

    Cordeiro said several projects were lining up to compete in the auction.

    “We are still working to define the economic model behind this first auction and there is a decision we will have to make: whether we go ahead with at least 2 GW, or with 3.5 GW,” he said.

    The minister said the 2 GW target of installed capacity in operation by 2030, that Portugal put in the blueprint of its energy and climate goals sent to Brussels this month, was “a prudent, conservative estimate”.

    A government-appointed working group in the meantime proposed last week that a capacity of up to 3.5 GW could be initially targeted in three areas off the country’s Atlantic coast given the interest it is attracting, he added.

    Portugal already has a small, 25-megawatt floating wind project off its Atlantic coast, which is owned by Ocean Winds, a joint venture between Portugal’s main utility EDP and French company Engie.

    Other utilities have also shown interest in such projects in Portugal, including Germany’s BayWa, the Irish-Spanish consortium IberBlue Wind, fund manager Copenhagen Infrastructure Partners, and a partnership between Portuguese oil company Galp and France’s TotalEnergies.

    The floating wind farms will be installed in deep waters where winds are stronger and more continuous, allowing the generation of more power than those fixed to the seabed near to shore or those on land.

    Portugal plans to launch successive auctions for a total of 10 GW until 2030. (Reporting by Sérgio Gonçalves; Editing by Andrei Khalip and David Holmes) – Reuters

    Follow us on twitter

    Related News

    Nigeria affirms commitment to nuclear test ban, emphasises civilian energy priorities

    Geothermal Rising welcomes incentives in Big Beautiful Bill,

    Renewable energy shares mixed as U.S. Senate preserves some tax credits in Trump bill

    E-book
    Resilience Exhibition

    Latest News

    AEC condemns Greenpeace for ‘calculated attacks’ to hinder energy development

    July 8, 2025

    Ghana launches task force to curb gold smuggling losses

    July 8, 2025

    Oil prices ease as traders assess US tariffs and OPEC+ output boost

    July 8, 2025

    Rivers Govt warns residents of imminent flood risk

    July 8, 2025

    Oil sector rebounds as stakeholders push reforms, increased production at NOG2025

    July 8, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.