Corio and Q-Energy team up to explore floating wind in Spain

Corio Generation is joning forces with Q-Energy, a global renewables investment and management platform, to explore opportunities to develop floating offshore wind power in Spain. The Spanish government wants up to 3GW of floating offshore wind by 2030.

Corio, a portofolio company of Macquarie’s Green Investment Group, already has a global offshore wind project pipeline of more than 20GW under development. Q-Energy currently manages around 1.6GW of project, including more than 1GW of solar PV, 243 MW of solar thermal power (CSP) and 350MW of wind power across Spain, Germany, Poland, and Italy, but has more than 4GW of assets under development at various stages of completion.

Alejandro de Hoz, global head of development and deputy CEO of Corio Generation said: “The deep waters around the Spanish coastline are ideally suited to latest innovations in floating platforms. There is now a huge opportunity for Spain to become a European hub and international benchmark in delivering offshore wind, with all the benefits that offers in terms of creating a value chain and generating green jobs and economic development."

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