Join our crew and become one of the 106,502 members that receive our newsletter.

offshore wind farm

FILE PHOTO: Teun van den Dries / Shutterstock

Portugal Raises First Offshore Wind Auction Target

Reuters
Total Views: 1139
September 21, 2022
Reuters

LISBON, Sept 21 (Reuters) – Portugal has raised the target for its debut offshore wind power auction to 10 gigawatts (GW), Environment Minister Duarte Cordeiro said on Wednesday, aiming to “move faster” on the country’s energy transition.

In June, Cordeiro put the capacity on offer at the auction due next year at 6-8 GW, which was already double the government’s target at the start of 2022.

The energy crisis caused by Russia’s invasion of Ukraine is forcing countries to bet more on new technologies to boost renewable energy generation, such as wind and solar, which was already happening as part of a global shift from fossil fuels.

Cordeiro said technical details and the list of coastal locations were being prepared.

“We have urgency and we’re going to accelerate everything that is renewable. We want to launch a largeoffshore wind auction and our ambition now is to reach 10 GW of capacity”, he told a parliamentary committee.

Floating wind technology, seen as the final frontier in the offshore wind industry, has gained traction in countries such as Britain, France and parts of south-east Asia. Portugal has a small, 25-megawatt floating wind project off its Atlantic coast. 

Portugal has 7.3 GW of hydroelectric capacity and 5.6 GW of onshore wind, which together represent 83% of its total installed capacity.

(Reporting by Sergio Goncalves Editing by Andrei Khalip and Mark Potter)

(c) Copyright Thomson Reuters 2022.

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up
close

JOIN OUR CREW

Maritime and offshore news trusted by our 106,502 members delivered daily straight to your inbox.

gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.