Portugal to auction 3-4 GW of floating offshore wind farms in summer

LISBON, March 16 (Reuters) – Portugal plans to hold its first auction for floating offshore farms this summer, which it hopes will be able to produce between 3 and 4 gigawatts (GW) of power in 2026, Environment and Energy Transition minister Joao Matos Fernandes told Reuters.

As part of a global shift away from carbon-emitting fossil fuels, countries are betting on new technologies to boost power generation from renewable energies such as wind and solar.

Read the news article here (Reuters).

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