Energy firms Orsted and Repsol join forces in Spanish offshore wind market

A Repsol logo at a petrol station in Bormujos near the Andalusian capital of Seville, southern Spain March 3, 2016. REUTERS/Marcelo del Pozo/and Denmark's Orsted are teaming up in a bid to jointly develop floating offshore wind in the nascent Spanish market, the two energy companies said on Tuesday.

"After several years of concept development and small-scale testing, floating offshore wind is now on the brink of commercialisation," Orsted said in a statement.Floating wind is still an emerging technology which is more expensive to develop than turbines fixed to the seabed. The Spanish government have announced plans to build up to 3 gigawatts of floating wind capacity by 2030.

Blowing? :-(

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