RWE Partners with Port of Setúbal to Establish Key Hub for Floating Offshore Wind in Portugal
(IN BRIEF) RWE has partnered with the Port Authority of Setúbal in Portugal through a Letter of Support, aiming to transform the port into a key logistics hub for floating offshore wind projects. This initiative aligns with Portugal’s renewable energy goals, particularly in the development of floating offshore wind, a technology well-suited to the country’s deep waters and strong wind resources. The collaboration will focus on upgrading the port’s infrastructure to support the assembly, marshalling, and deployment of key components for large-scale offshore wind farms. By enhancing the port’s capabilities, the partnership seeks to attract investment, foster industrial growth, and generate skilled employment within the floating wind sector. RWE, already involved in commercial-scale floating wind projects in the U.S. and Europe, sees this as an opportunity to further expand its offshore wind presence, both in Portugal and globally. This move strengthens RWE’s leadership in renewable energy while helping position Portugal as a major player in the floating offshore wind industry.
(PRESS RELEASE) LISBOA, 26-Sep-2024 — /EuropaWire/ — RWE has signed a Letter of Support with the Port Authority of Setúbal, marking a significant collaboration aimed at developing the port into a vital logistics hub for floating offshore wind projects. This partnership aligns with Portugal’s broader ambitions to expand its offshore wind energy capabilities and strengthen industrial growth in the renewable energy sector.
The agreement will allow RWE and the Port of Setúbal to explore opportunities for transforming the port, located just south of Lisbon, into a center for the marshalling, assembly, and deployment of key components required for floating offshore wind projects. This move is expected to position Portugal at the forefront of the floating wind energy industry and create potential for future industrial synergies beyond its national borders.
Álvaro de Miguel, RWE’s Country Lead for Offshore Wind in Portugal, expressed optimism about Portugal’s potential in the floating offshore wind sector: “Portugal is strategically placed to become a major player in the floating offshore wind market. By supporting the Port of Setúbal’s evolution into a logistics hub, we are laying the groundwork for scalable, commercial projects. This development will attract investment, boost economic growth, and create highly skilled jobs. RWE is excited about the possibilities this presents for the future of floating wind in Portugal.”
Carlos Correia, Chairman of the Board at the Port Authority of Setúbal, added: “Our vision is to transform the Port of Setúbal into an economic hub for sustainable projects, including offshore wind. With RWE’s expertise, we are confident in our ability to serve the growing needs of the floating wind industry by providing the infrastructure necessary for the marshalling, assembly, and deployment of components like floating substructures and mooring systems.”
Portugal’s advantageous wind conditions and deep waters make it an ideal location for floating offshore wind, and the country is preparing for its first offshore wind auction. The Portuguese government has selected floating wind technology as the preferred solution to tap into these resources. With foundational work already underway, the nation is poised to allocate development rights for commercial-scale floating wind projects.
RWE, a global leader in offshore wind, is committed to developing cost-competitive floating wind farms worldwide. The company has already secured a floating wind lease off the coast of California and is involved in two demonstration projects—TetraSpar in Norway and DemoSATH in Spain. RWE is also actively exploring opportunities for floating wind development in Europe, the U.S., and the Asia-Pacific region.
RWE
RWE is leading the way to a green energy world. With its investment and growth strategy Growing Green, RWE is contributing significantly to the success of the energy transition and the decarbonisation of the energy system. Around 20,000 employees work for the company in almost 30 countries worldwide. RWE is already one of the leading companies in the field of renewable energy. Between 2024 and 2030, RWE will invest 55 billion euros worldwide in offshore and onshore wind, solar energy, batteries, flexible generation, and hydrogen projects. By the end of the decade, the company’s green portfolio will grow to more than 65 gigawatts of generation capacity, which will be perfectly complemented by global energy trading. RWE is decarbonising its business in line with the 1.5-degree reduction pathway and will phase out coal by 2030. RWE will be net-zero by 2040. Fully in line with the company’s purpose – Our energy for a sustainable life.
Forward-looking statements
This press release contains forward-looking statements. These statements reflect the current views, expectations and assumptions of management, and are based on information currently available to management. Forward-looking statements do not guarantee the occurrence of future results and developments and are subject to known and unknown risks and uncertainties. Actual future results and developments may deviate materially from the expectations and assumptions expressed in this document due to various factors. These factors primarily include changes in the general economic and competitive environment. Furthermore, developments on financial markets and changes in currency exchange rates as well as changes in national and international laws, in particular in respect of fiscal regulation, and other factors influence the company’s future results and developments. Neither the company nor any of its affiliates undertakes to update the statements contained in this press release.
Data Protection
The personal data processed in connection with the press releases will be processed in compliance with the legal data protection requirements. If you are not interested in continuing to receive the press release, please inform us at Datenschutz [email protected]. Your data will then be deleted and you will not receive any further press releases from us in this regard. If you have any questions about our data protection policy or the exercise of your rights under the GDPR, please contact
[email protected]
Media Contact:
Viola Baumann
RWE Spokesperson
Tel: +49 (0) 201 5179 5404
Email: [email protected]
SOURCE: RWE AG
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