Capital Energy enlists another shipyard for floating wind projects off Spain

Spanish renewables company Capital Energy has signed its third memorandum of understanding (MoU) with a shipyard in the Canary Islands to secure port facilities and services ahead of developing some 750 MW of floating wind farm projects around the archipelago.

The latest MoU was signed with Hidramar Group, a Spanish holding company that operates shipyards in the free trade zones on the islands of Tenerife and Gran Canaria, Capital Energy said.

The agreement outlines the use of Hidramar’s port facilities for construction and assembly of the floating wind farm components. Hidramar may also be called to provide different logistics services during the construction phase, and operation and maintenance and inspection services once the wind farms start floating in the Canary Islands waters.

The terms of the MoU are limited to five years, with a possibility of an extension.

Capital Energy recently signed MoUs with two shipyard companies on the Canary Islands to secure a similar array of services as it looks to branch out into the floating wind segment.

The company, which this year won close to 2,200 MW of onshore wind capacity in Spain’s renewable energy auctions, says it wants to develop a portfolio of “several gigawatts” of floating wind power. Its goal is to have as much floating wind in 2030 as it currently has onshore wind under permitting in Spain, it said.

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