Sunday, July 3

BlueFloat and Quantum launch a 1.2 gigawatt wind mega-park on the coast of Galicia

On November 2, the official bulletin of the commercial register (Borme) made public the constitution, a month before, of the limited company Northeast Wind Farm. It is installed in an office building for coworking in Madrid, on María de Molina street. It’s about uA mercantile company with 3,000 euros of share capital, the legal minimum, chaired by Carlos Martín Rivals. The board of directors is small: they complete it Gabriel Alonso Imaz and Miguel Domingo Oslé.

All three are more than linked to energy activity, and to investment funds that promote new renewable installations in Spain. It is the very little that is known about the company that, to this day, has the largest floating offshore wind project on the table in the entire peninsula. And that it will settle, if it prospers, on the Galician coast. A ‘mega-park’ of 1.2 gigawatts (GW, 1,200 megawatts) that would require an investment of more than 3,000 million euros. The ‘offshore’ polygon entered the mailbox of the Ministry for Ecological Transition on November 30, but there is no documentation attached to it. Neither is the specific location.

Martín Rivals is the CEO of energy company BlueFloat, and Miguel Domingo is CEO of technology company Sener. Both firms are the promoters of the Parc Tramuntana project, on the coast of Catalonia, of 500 MW. This, in the Empordá (Gulf of Rosas), was the largest of those formulated to date in the department directed by Teresa Ribera. The third company involved in the Nordés Galician park is the North American company 547_Energy (Houston, Texas), of which Gabriel Alonso is CEO and which is in turn owned by the investment fund (‘private equity’) Quantum Energy Partners. Only for the infrastructure of Parc Tramuntana, which will be installed 23 kilometers from the coast and which will be more than twice as ‘smaller’ than that of Galicia, the promoters have estimated the creation of 6,000 jobs.

Number two

The start-up of the project for the Nordés ‘mega-park’ is the second ‘pica’ that energy companies put on the Galician coast – at the moment only on paper – after Iberdrola had submitted to Transición Energética the documentation to build the complexes San Brandán and San Cibrao floating boats, about 15 kilometers off the coast of Cervo (Lugo). In this case, each of the parks has a power of 490 megawatts. Of course, the group chaired by Ignacio Sánchez Galán has decided to paralyze its investment in Spain because of the Government decree that cuts income to electricity companies to curb the impact of wholesale market prices on electricity bills. San Brandán and San Cibrao are, with an associated investment of more than 3,000 million euros, in ‘stand by’.

BlueFloat is well aware of the offshore wind market on the Atlantic coast. His team was one of those responsible for developing and building the only wind farm on the Iberian peninsula, very close to the Galician coast.

Is about Windfloat Atlantic, already in operation 70 kilometers from the port of Vigo, in front of the town of Viana do Castelo.

In the Spanish case, the Ministry for the Ecological Transition has identified five areas in Galicia for the location of floating wind farms. The draft of the Maritime Space Management Plans (POEM) has identified, as areas with potential, in front of Val Miñor, Ortegal and A Mariña de Lugo, at a minimum of 20 kilometers out to sea. The technical requirements for a wind resource to be considered suitable for “being exploited” are the following: depth limit of up to 1,000 meters, winds that blow an annual average of 7.5 meters per second and proximity to an electrical substation in land to dump production.

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