GRI Renewable will invest one hundred million in an offshore wind farm in Portugal in partnership with Lisnave

Portugal’s new steps towards offshore energy. It will be hand in hand Spanish company GRI Renewable Industries, with a presence in Galicia, which has just signed a memorandum of understanding with Portugal’s Lisnave. They plan to invest 100 million euros install in the city setubal a center for the production of equipment for offshore wind farms, according to what the Portuguese press reported yesterday. The agreement unites the forces of the Portuguese company, benchmark in the field of ship repairand a Basque company, highly specialized in renewable energy since it was founded in Galicia as GRI Towers, s production of towers and flanges for wind energynow affected by the Temporary Employment File (ERTE) for 330 employees, the entire template. The move was prompted by a reduction in orders from one of its main clients, the Danish group Vestas.

The Portuguese project depends on Lisnave being able to renew the concession for the shipyards it now operates in Setúbal, which expires in 2027.

If that happens, the maritime company will realize an investment plan of close to 200 million euros in these facilities. A hundred of them in alliance with the Spanish to raise a hub for the production of components for offshore wind farmswhich would require conditioning works lasting a year.

The role of the main investor in this project will correspond to GRI Towers, a branch of the Basque GRI which started its journey with a factory in Galicia in 2008 and which has since accumulated an annual production of two thousand windmills, with facilities in eight countries. In Setúbal, apart from the towers, theirs floats. The investment comes before both countries announce their marine management plans for the first offshore wind farm concessions.