• The Granadilla offshore wind farm, which will be located adjacent to the port of the same name, will have an installed capacity of 50 MW and will supply most of the clean energy to the Tenerife Port Authority and its concessionaires, as part of the port’s commitment to decarbonisation

• This groundbreaking renewable project by Capital Energy and BlueFloat Energy will drive significant additional development in the industrial fabric of the Canary Islands, also generating a considerable number of skilled local jobs from the outset

Santa Cruz de Tenerife, 17 June  2022 – Capital Energy, a Spanish energy company founded two decades ago and committed to becoming the first 100%-renewable, vertically integrated electrical company on the Iberian peninsula, and BlueFloat Energy, a Spanish company developing offshore wind energy projects on a global scale using a local approach aimed at accelerating the global deployment of offshore wind as a key enabler for the energy transition and economic growth, join forces in Tenerife to develop the Granadilla offshore wind farm, the first in Spanish port waters.

The Granadilla project will be located near the Tenerife port of the same name and will require an investment of more than 120 million euros. This offshore wind farm will have an installed capacity of 50 MW, thanks to five 10 MW turbines placed on gravity-based foundations made of concrete, using Elisa technology developed by the engineering company Esteyco. The bulk of the clean energy generated by this asset will be used for self-consumption by the port facilities and its concessionaires, within the framework of the Port Authority of Tenerife’s commitment to the decarbonisation of its operations.

The project has already commenced application for the administrative concession of the area of water in the port area from the Tenerife Port Authority, having completed the tender process and moved into the comments phase, which will be analysed in detail. At the same time, BlueFloat Energy and Capital Energy have conducted presentations for the various local stakeholders with the aim of maximising transparency and territorial integration. The next step will be to start the characterisation of the offshore wind farm through environmental campaigns and the related Environmental Impact Assessment.

This groundbreaking renewable initiative by Capital Energy and BlueFloat Energy will drive significant additional development in the industrial fabric of the Canary Islands and is expected to generate a considerable amount of skilled local employment from the outset. The foundations will be built in the Port of Granadilla itself, where the turbines will also be assembled, making it an industrial hub for the manufacture of these components, thanks to its strategic location to cater for demand in the national and international market. Furthermore, the project has a strong R&D component, notably due to employing a new gravity-based foundation design.

According to Pablo Alcón Valero, Offshore Manager at Capital Energy, “Granadilla is part of our firm commitment to offshore wind and our commitment to the Canary Islands, where we have been working with the supply chain for months. This offshore wind farm could be the curtain lifter for offshore wind in Spain, and we are thrilled to have teamed up with BlueFloat Energy, a Spanish company of recognised prestige in the industry.”

Javier Monfort, Country Manager at BlueFloat Energy, notes that “The Granadilla offshore wind farm project is an unbeatable opportunity to introduce offshore wind energy in port areas, taking advantage of the unique and singular value of these infrastructures. We hope to successfully implement this driving project for the preparation and development of the supply chain in Spain, together with our partner Capital Energy, a leader in onshore solar photovoltaic and wind technology developments.”

About Capital Energy

In line with its commitment to Green and Fair Energy Transition, Capital Energy currently has a portfolio of wind and solar energy projects on the Iberian Peninsula amounting to approximately 30 gigawatts (GW) of power, for which over 8 GW already count on grid access licences.

Capital Energy reached its strategic goal of being present throughout the entire renewable energy generation value chain: from promotion, where the company has a consolidated position thanks to its nearly 20-year history, through to construction, production, storage, operation and supply. The company has 16 offices in Spain and Portugal, where approximately 360 employees work.

About BlueFloat Energy

BlueFloat Energy is a Spanish company developing offshore wind energy projects in multiple geographies, implementing its vision of accelerating the global deployment of offshore wind as a key enabler for the energy transition and economic growth. BlueFloat Energy’s team has unmatched experience in the design, development, financing, construction and execution of offshore wind projects.