Equinor and Naturgy explore floating wind opportunities in Spain


Spain – Equinor and Naturgy join forces and sign a development agreement ahead of Spain’s first offshore wind auction, which will take place off the coast of the Canary Islands.

The Spanish government wants to change its energy mix, and by 2030, it wants to build up to 3 GW of offshore wind. Equinor and Naturgy are jointly assessing the opportunity to develop and construct a floating offshore wind project in the Canary Islands, where the first Spanish offshore wind auction is expected to take place in 2023.

Renewables in Spain

The collaboration is in line with the two companies’ shared goal of developing renewables in Spain, starting with commercial floating wind projects. With more than 90% of Spain’s offshore wind areas being deep waters, the country has a unique opportunity to lead Europe’s next wave of floating offshore wind.