Spain's Capital Energy inks 4th floating wind MoU in Canary Islands

Spanish renewables company Capital Energy has signed another memorandum of understanding (MoU) in the Canary Islands as it works to join the floating wind farm development in the archipelago’s waters.

After previously securing collaboration with three shipyards on the islands, Capital Energy signed its latest MoU with the non-profit maritime sector association, CMC, according to the firm’s announcement issued today.

Under their agreement, Capital Energy and CMC will work to draw up a joint plan to identify what services in the supply chain are needed to meet the needs arising from the construction of floating offshore wind farms.

The term of the MoU is limited to five years, and can be extended.

Capital Energy said it held meetings with CMC member companies in November 2021 to present them its offshore wind proposal and benefits it could bring to the local industry, and was met with positive reception.

Last autumn, Capital Energy signed MoUs with Zamakona Yards, Astican and Hidramar Group's shipyards to secure their port facilities and services ahead of the floating wind farm development. The company then said it would work to balance its overall wind power portfolio with "several gigawatts" worth of floating wind projects.

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