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Spain is initiating a large-scale floating offshore wind energy program to attract over €20 billion in investment and aims to install between 1 and 3 GW by 2030. The government has opened consultations to establish auction rules, project concessions, and grid access.

A €212 million fund is designated for adapting state-owned ports to support the offshore renewables supply chain. The Canary Islands are highlighted for their suitability for floating technologies. The initiative seeks to bolster energy security and create jobs in shipbuilding and engineering sectors.