Spain’s Floating Offshore Wind Project

The current population of the Kingdom of Spain is approximately 46.43 million people. In 2017, utilities used renewable energy (50.7%), nuclear power (44.8%) and fossil fuel (4.5%) to generate electricity in the country. Wind, solar and biomass are the primary sources of renewable energy in Spain.

As a member of the European Union (EU), Spain must comply with the “Renewable Energy Directive.” Spain has already surpassed the EU’s mandate that each country must use renewable energy for 20% of its total energy needs by 2020 and 27% by 2030. However, Spain is continuing to develop renewable energy to replace expensive nuclear power plants.

Equinor has secured the permit to build a floating wind project off the coast of the Spanish Canary Islands. The 200 MW offshore floating wind project is estimated to cost U.S. $970 million. Construction on Spain’s first major offshore wind farm will begin before end of year 2019. The project is forecast to commence operations in 2024. Equinor, formerly known as Statoil, is a multinational energy company, headquartered in Stavanger, Norway.

In my opinion, Spain has developed an excellent plan to reduce CO2 emissions. Unlike the “Green New Deal,” Spain is making it a priority to replace fossil fuel power plants with renewable energy facilities. The country will then begin to replace nuclear facilities with renewable energy facilities. In my opinion, Spain has a thoughtful and pragmatic plan to reduce greenhouse gases and addressing climate change. In conclusions, Yes to Spain’s plan and a resounding No to the Green New Deal.

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