Greenvolt, a key player in renewable energy in Europe with a strong presence in Portugal, and BlueFloat Energy, a global leader in floating offshore wind, have announced their partnership in Portugal.

The partnership is set to develop offshore wind projects off the Portuguese coast that would contribute towards achieving the recently announced national target of 10 GW of offshore wind installed capacity by 2030.

Offshore wind power generation is a key pillar in the European Union’s decarbonisation strategy, and Portugal has been one of the pioneers in the deployment of floating offshore wind technology. Portugal holds great potential for offshore wind, which is now recognised by the national policymakers who seek to unlock the potential of this technology to deliver on the country’s decarbonisation targets.

Greenvolt and BlueFloat Energy have joined forces to make this vision a reality. A highly complementary partnership combines the strengths of both companies. Greenvolt brings local development, permitting expertise, and strong local brand recognition. In contrast, BlueFloat Energy contributes extensive technical expertise in floating offshore wind and a unique understanding of floating technology. Greenvolt Group, listed on the stock exchange, operates in three business areas: residual biomass, utility-scale solar and wind and distributed generation.

“Greenvolt has a differentiating strategy for utility-scale solar and wind projects, focusing on the development phase. Through this partnership with BlueFloat Energy, one of the leading offshore wind developers with a unique hands-on experience in floating technology, Greenvolt maintains its strategic positioning now expanding to the offshore wind segment In Portugal“, says João Manso Neto, CEO of the Greenvolt Group.

BlueFloat Energy’s CEO, Carlos Martin, said: “Entering the Portuguese market is a natural extension of our floating wind strategy for southern Europe. We are delighted to partner with Greenvolt, one of the leaders in renewable energy in Portugal and a fast-growing company that shares our development philosophy and a strategic vision for offshore wind in this key market.”

Image source: Courtesy of BlueFloat Energy

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