Portugal signals offshore push
Ocean renewables could create 7500 jobs in the country by 2030
Portugal is aiming to create 7500 new jobs by 2030 in the marine renewables and offshore wind energy sector, the country's government has stated in a new action plan.
The industry strategy approved by the cabinet says a total of €1150m could be invested.
Offshore wind projects with a total capacity of 260MW and wave energy developments with an overall size of 140MW are expected to be completed.
The government estimates the country's industry producing towers, transition pieces, foundations, and blades for the offshore wind sector will by 2030 represent a market of €59m, 10 times more than at present.
Lisbon expects that about €254m will be invested in the sector by 2020 creating up to 1500 new jobs.
The document states that floating wind energy projects with a total capacity of about 40GW could be installed off the country’s coasts in the long term.
Fixed offshore wind only has a potential for roughly 3.5GW because of high water depths.
Portugal currently has no offshore wind projects up and running off its coast.
Principal Power is scheduled to install its 25MW Windfloat Atlantic floating offshore wind farm off the country’s coast next year.
Image: Principal Power