Spanish contractor Ferrovial and German energy company RWE have agreed to work together to develop, construct and operate floating windfarm off the coast of Spain.

Ferrovial has submitted expressions of interest in four farms with a total capacity of more than 1.7GW. These would be located between 11km and 30km from the coasts of Lugo, Pontevedra, Gerona and Gran Canaria.

Gonzalo Nieto, the chief executive of Ferrovial Energy Infrastructure, said: “This agreement represents a further step in our firm commitment to decarbonising the economy, and to renewable energies. At Ferrovial, we clearly see the growth opportunities that this sector offers, which is why we have decided to partner with another market leader, RWE.”

Sven Utermöhlen, RWE Offshore Wind’s chief executive, said: “Spain has been an important core market for RWE to grow our solar and onshore business for many years. Now we are excited to go one step further. Floating offshore wind is key to meeting the increasing demand for renewable power in Europe, delivering sustainability solutions, supporting local industries and creating future-proof jobs.”

Spain has set a target of developing 3GW of floating capacity by 2030.