$8.6bn investment in Portuguese wind means good news for green H2

Copenhagen Infrastructure Partners (CIP), a Danish renewable energy project developer and fund manager, has revealed plans to build a 2GW offshore wind farm called Nortada off Portugal’s Atlantic coast. Two weeks prior, the Portuguese Government had launched a public hearing regarding proposals for the delimitation of areas off the country’s Atlantic coast where wind farms can be built, with a 10GW target of offshore wind capacity by 2030 in mind. The Economy Minister, Antonio Costa e Silva, had a lot of praise about his government’s initiative and alluded to plenty of foreign investment opportunities lurking around the seas surrounding the Iberian Peninsula. With wind speeds averaging over 11 miles per hour and an impressive solar irradiance of up to 2000…