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October 1, 2021updated 23 Nov 2021 5:12pm

Falck Renewables and BlueFloat to develop offshore projects in Italy

The Kailia Energia wind farm is expected to create 4,000 jobs during the manufacturing and construction phases.

By Umesh Ellichipuram

Italy-based renewable energy company Falck Renewables and Spanish offshore wind firm BlueFloat Energy have partnered to install floating offshore wind farms off the coast of Italy.

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The companies plan to start the authorisation process for their first project, Kailia Energia , in Puglia, offshore from Brindisi.

Kailia Energia is expected to have an installed capacity of around 1.2GW and generate 3.5TWh of clean energy a year, enough to power one million households in Italy.

The project will have the potential to offset two million tonnes of carbon emissions a year.

It is expected to create 4,000 direct jobs during its manufacturing, assembly and construction phases.

Falck Renewables and BlueFloat Energy will file all necessary documents related to the project with the Italian Ministry for Ecological Transition to begin the authorisation process.

The companies plan to begin a consultation process on the proposals related to the project by holding meetings with local stakeholders.

They have also started a preliminary analysis for a second floating offshore project, which will be located in the same area.

Falck Renewables CEO Toni Volpe said: “Today, we are bringing floating offshore wind technology to Italy, demonstrating our commitment to achieving sustainable goals through the implementation of innovative technologies.

“This project is the result of important work carried out in recent months by the partnership, and that has also involved local stakeholders in a process of dialogue and shared development with communities and territories.”

BlueFloat Energy CEO Carlos Martin said: “As a global offshore wind developer with unique floating wind expertise, we are keen to contribute towards the development of this sector in Italy.

“We are now approaching the Italian market with a partner with complementary strengths and skills, to deliver a world-class project that will enable energy transition in the region.”

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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