Portugal plans to hold its first auction for floating offshore farms this summer, which it hopes will be able to produce between 3 and 4 gigawatts (GW) of power in 2026, Environment and Energy Transition minister Joao Matos Fernandes told Reuters.
As part of a global shift away from carbon-emitting fossil fuels, countries are betting on new technologies to boost power generation from renewable energies such as wind and solar.
Matos Fernandes said Portugal's wind conditions made the technology efficient and viable, and was hopeful it would help lower electricity tariffs in the long run, as well as help the country meet its goal of being a net energy exporter. "Portugal wants to become a major exporter of renewable energy in the future and therefore has to bet on wind offshore," he said in an interview.
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