Portugal plans to hold its first offshore wind auction in 2023 with the aim of awarding between 6 GW and 8 GW of capacity, according to João Galamba, the country's Secretary of State for Energy.
Portugal plans to organise an auction for floating offshore wind this Summer with between 3 GW and 4 GW planned to be auctioned in the country's Atlantic Ocean waters.
Credit: CorPower Ocean
CorPower Ocean, a Sweden-based developer of wave energy converters, which has recently secured a 10-year license marine license in Portugal, said Tuesday it had attracted an investment of 7.3 million euros for its Portuguese wave energy technology project. Portuguese authorities have joined the Swedish Energy Agency, EIT InnoEnergy, and private investors to support CorPower’s flagship HiWave-5 demonstration project in northern Portugal, the company said. The investment supported by the European Union is provided through the NORTE 2020 Program operated by aicep Portugal Global (Portuguese Trade & Investment Agency) and CCDR-N (Norte Portugal Regional Coordination and Development Commission), CorPower Ocean said.
CorPower’s Wave Energy Converters (WEC), comprising filament-wound composite hulls, are designed to generate electricity from ocean waves to complement other renewable energy sources like offshore wind. Photo Credit: CorPower Ocean
Wave energy developer CorPower Ocean (Stockholm, Sweden) and engineering firm OPS Composite Solutions (Kristiansand, Norway) announced on Jan. 26 that new funding has been received for joint project COMPACT (COMposite Pressure cAsing for CosT), which aims to combine CorPower Ocean’s wave energy technology with low-cost composite design and fabrication processes from the offshore industry.
The partners say they have secured close to €500,000 in EEA grants under Iceland, Lechtenstein and Norway’s Blue Growth Program for stimulating innovation, creating jobs and driving growth for SMEs.