“According to the latest changes by the European Commission and several consulting companies in the energy sector, the world market for floating offshore wind energy will reach a value of around 60 billion euros. the wave energy market will reach a value of 5 billion euros, “said António Nogueira Leite, president of Fórum Oceano, a partner of Jornal de Negócios in the Sustainable Sea initiative.
The European Commission has announced that for a European Union decarbonization route by 2050 to open at least 300 gigawatts of new conventional renewable energy capacity and 40 gigawatts of ocean energy. In this context, Wind Europe’s projections indicate that Portugal may reach 9 gigawatt of installed floating wind capacity by 2050, that is, more or less 25% of the projected ocean energy capacity for the European Union. This means installing in Portugal, almost double the capacity of onshore wind energy, which is currently 5.4 gigawatt.
This decarbonised sustainable energy production capacity can be used for green electricity generation and for green hydrogen. “This means that the development of floating wind energy and wave energy in Portugal will make crucial energy contributions to the decarbonisation of land, maritime transport and, among others, the chemical industry,” said António Nogueira Leite.
the energy revolution
António Nogueira Leite pointed out that Portugal has a company listed on the stock exchange, EDP Renováveis, which is a 50% shareholder in Ocean Winds in partnership with the French Engie, “and which is today an outstanding world player, a true reference in this area, which operates in virtually all oceans.” This company has an operation in Viana do Castelo, through WindFloat Atlantic, which now allows 60 thousand homes to be fed with ocean electricity. He also added that Viana do Castelo is becoming the epicenter of this energy revolution in our country.
The emergence of an offshore renewable energy industry can revitalize shipbuilding yards, as it diversify their technological skills, generate the creation of a wave of digital and robotic tools for the management, maintenance and operation of floating energy parks, create a new wave of high value-added, well-paid jobs, and “further revolutionizing an energy mix of the transport sector and the chemical industry by providing a viable large-scale green hydrogen production source at an affordable cost.”
“But this wave of reindustrialization must be carried out in a sustainable way, in line with the ESG criteria (Environmental, Social, Governance) of the community taxonomy”, stated António Nogueira Leite. In the social dimension, for example, agreements with fishing communities, participation in the business through its requalification and participation in maintenance operations of energy parks.
The design of power generation solutions cannot generate an increase in underwater acoustic orders and the foundations of the necessary structures designed to function as artificial reefs, amplifiers of local natural capital in the marine environment. “This also means a concerted effort by companies and state authorities for an intelligent use of the maritime space, combining energy production with offshore aquaculture, for example”, highlights António Nogueira Leite.
This integrated maritime policy for a sustainable blue economy is “the strategic focus on which the Oceano Forum has been concentrating its energy, to help catalyze industry, innovation, academia and entrepreneurship so that the country can become leader in the ESG blue economy”, concluded António Nogueira Leite.