According to Recharge, BayWa re plans to use 30 turbines, each being able to output as much as 20 MW, for a total off-shore production of 600 MW.

The German company applied to have exclusive rights on the sea bed at Viana do Castelo, where it wants to deploy the 30 floating turbines.

Should things go as planned, BayWa re will be able to sell the power generated by the turbines under a power purchase agreement without the need of public subsidies.

Officials from the German company stated that the project "intends to support the creation of a global floating offshore wind supply chain in Portugal using existing local infrastructure, that the tender projects will be able to use".

The 600 MW wind farm could enter service as soon as 2028.

Ricardo Rocha, technical director offshore wind at BayWa re, said that "our project is well in line with Portugal’s ambitious offshore targets."

"The zone where our floating wind farm is to be built is part of the marine spatial plan of the Portuguese government, so it already has a dedicated zone", he added.

BayWa re has other floating wind turbine projects already generating energy in Scotland and France, so Portugal could be the next market served by the German group.