Floating specialist BW Ideol has signed a preliminary agreement with renewables developer Elawan Energy to target a multi-gigawatt scale pipeline of deepwater offshore wind projects off the Iberian peninsula.
The pair have not provided further details of the projects in their pipeline.
They are already co-operating on one of BW Ideol’s commercial-scale floating offshore wind farms in Japan.
Spanish developer Elawan Energy is fully owned by Japanese financial group Orix Corporation, and has already built 2.6GW of solar, hydro and onshore wind, and is developing a further 8.4GW.
Its CEO Dionisio Fernández Auray said entering offshore wind will enable the company to diversify its revenue streams.