In Summer 2020, CorPower forged a deal with APDL, investing a total of 16million EUR to build a Manufacturing, R&D and Service Centre in the sea port, for widescale production of wave energy converters.
The recent open day afforded an opportunity to update the local community on rapid progress towards CorPower’s first commercial scale demonstration, plus involvement in the €45million pan-European EU-SCORES Project aiming to deliver the world’s first bankable hybrid offshore energy park – linking wave and wind power.
The Alto Minho region – which will play host to CorPower’s flagship HiWave-5 demonstration project – is fast positioning itself as an epicentre for global offshore renewables, with circa 1billion EUR reportedly pledged to create new marine energy projects, driving job creation across shipbuilding, metalworking and supply chains.
Plans are also underway in northern Portugal to complete the installation of an ‘International Offshore Energy Testing Centre’ by 2026, funded by the Portuguese Recovery and Resilience Program (PRR) to help underpin the surge in activity.
The region is particularly well positioned for wind, wave and solar power projects, with increasing attention being placed on renewable energy’s future role in green hydrogen production.