Spain capital

Spain’s Capital Energy signs the 4th memorandum of understanding on floating wind power in the Canary Islands

January 4 (Renewables Now) – Spanish renewable energy company Capital Energy has signed another memorandum of understanding (MoU) in the Canary Islands as it strives to join the development of the floating wind farm in the waters of the archipelago.

After previously securing collaboration with three shipyards on the islands, Capital Energy has signed its latest memorandum of understanding with non-profit maritime sector association, CMC, according to the company’s announcement released today.

As part of their agreement, Capital Energy and CMC will work to develop a joint plan to identify the supply chain services needed to meet the needs arising from the construction of floating offshore wind farms.

The duration 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 to them its offshore wind energy proposal and the benefits it could bring to local industry, and were positively received.

Last fall, Capital Energy signed memorandums of understanding with the shipyards of Zamakona Yards, Astican and Hidramar Group to secure their port facilities and services ahead of the development of the floating wind farm. The company then said it would work to balance its overall wind power portfolio with “several gigawatts” of floating wind projects.