IberBlue Wind, an offshore floating wind farm developer, has announced the development of two projects with 1.96 GW installed capacity off the shores of Spain and Portugal. The two plants, Juan Sebastián Elcano and Creoula, will be built offshore from Pontevedra and Viana do Castelo. With a combined installed capacity of more than 1.4 GW, Creoula will have 80 turbines with a capacity of 18 MW, compared to 29 turbines at Juan Sebastián Elcano, an offshore facility with a 522 MW capacity.
The project will cover an area of 413 square km and will be located between 20 km and 40 km from the coast. IberBlue stated that the combined clean energy produced by the 109 wind turbines in the two new facilities will be enough to power over one million homes. The construction and maintenance of Juan Sebastián Elcano and Creoula are estimated to cost more than €4 billion and to provide over 5,000 jobs. The two initiatives are anticipated to help both Spain and Portugal by driving down energy costs in the two countries, which collaborate on the Iberian electricity market.
In February 2023, IberBlue Wind announced its plans to establish a floating offshore wind farm in Portugal with an installed capacity of 990 MW. The facility named Botafogo would be built offshore from Figueira da Foz. The facility would be spanned over an area of 359 square km. The capacity will be equipped with 55 wind turbines, each with 18 MW of capacity.