BlueFloat Energy

What BlueFloat Energy does

BlueFloat Energy is a privately held offshore wind developer incorporated in Spain (legal entity BlueFloat Energy International, S.L.U.) and headquartered in Madrid, founded in 2020. The company develops both bottom-fixed and floating offshore wind projects from early-stage greenfield origination through to Final Investment Decision (FID) and beyond, with a 12.3 GW portfolio across 15 projects in 17 countries spanning the UK, Spain, Italy, Australia, Taiwan, the Philippines, Colombia, New Zealand, Portugal, and France. Its technology focus spans site-specific technology selection, platform-turbine interaction expertise, industrial and supply chain design, comprehensive site characterization, and bankability assessment — explicitly positioning itself across the full lifecycle rather than as a hardware vendor.

BlueFloat's go-to-market is enterprise field sales and event-driven: it pursues seabed leases through competitive government auctions (ScotWind, INTOG, Australian feasibility licenses, Italian CfD tenders), develops sites toward FID, and pairs each market with a local co-development partner — Nadara in the UK and Italy, Ørsted on Stromar, and Sener and Plenitude in Spain. Revenue mechanics rely on development fees, equity value creation through project advancement, and eventual disposition or retained ownership of operating assets; specific project economics, pricing models, and financials are not publicly disclosed.

The company's primary customer base is governments (offshore wind leasing and regulatory counterparties) and energy utilities seeking to meet renewable energy quotas, with co-ownership and community benefit schemes layered on to secure social license. The main shareholder is 547 Energy, a US cleantech platform backed by Quantum Capital Group (over $17B in AUM), providing capital for long-dated development. Qualitative quantifiable outcomes cited across projects include millions of tonnes of CO₂ avoided annually, tens of thousands of homes powered, and thousands of direct jobs projected at construction.

Name

BlueFloat Energy

Legal name

BlueFloat Energy International, S.L.U.

Website

https://bluefloat.com

Company type

Private

Founded year

2020

Operating status

Operating

Short description

BlueFloat Energy is a Madrid-headquartered offshore wind developer founded in 2020, building a 12.3 GW portfolio of bottom-fixed and floating projects across 17 countries and partnering with energy majors (Ørsted, Nadara, Sener, Plenitude) to develop sites toward Final Investment Decision.

Ownership category

akta.pro rank

Product category

Offshore Wind Development

NAICS

Wind Electric Power Generation (221115)

akta.pro primary industry

Offshore Wind Project Development & Leasing (EUAMACAB)

akta.pro secondary industries

Offshore Wind Power Generation (Floating) (EUACAFAC), Offshore Wind Power Generation (Fixed-Bottom) (EUACAFAB), Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE)

Keywords

• Offshore wind development
• Floating offshore wind
• Wind project development
• Renewable energy projects
• Greenfield wind investment

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Offshore Wind Project Development: BlueFloat Energy invests in greenfield offshore wind projects from early-stage development through to Final Investment Decision and beyond. Revenue is generated through development fees, project equity value creation, and ultimately through the sale of developed projects or retained ownership stakes in operating assets.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

BlueFloat Energy develops and executes large-scale offshore wind energy projects, covering both bottom-fixed and floating offshore wind technologies. The company invests in greenfield projects from early-stage development through Final Investment Decision, securing seabed leases through competitive auctions, advancing engineering and permitting, and partnering with utilities and local developers to deliver bankable projects across Europe, Asia-Pacific, and Latin America.

Product overview

BlueFloat Energy is an offshore wind developer offering a portfolio of 15 offshore wind energy projects totaling approximately 12.3 GW in capacity across multiple geographies. The company develops both bottom-fixed and floating offshore wind projects, with projects in the UK (Scotland), Italy, Spain, and Australia. BlueFloat Energy's project portfolio includes floating wind projects (Scaraben, Sinclair, Broadshore, Bellrock, Stromar) utilizing floating foundation technology, as well as bottom-fixed projects (Gippsland Dawn) and various Italian and Spanish projects. The company operates through strategic partnerships including BlueFloat Energy | Nadara Partnership in the UK, and collaborations with Sener and Plenitude in Spain. Projects range from 99.5 MW innovation-scale developments to multi-GW commercial-scale farms, targeting both priority markets (UK, Spain, Italy, Australia) and emerging markets (Taiwan, Philippines, New Zealand, Colombia, France, Portugal).

Differentiator

Problem solved

Functional benefit

Products and services

• Scaraben A 99.5 MW floating offshore wind farm project located in Fraserburgh, Scotland. Awarded under the innovation arm of the INTOG leasing round process, developed to foster and trial innovations for the floating wind sector.
• Sinclair A 99.5 MW floating offshore wind farm project in Scotland, developed by the BlueFloat Energy | Nadara Partnership as part of Crown Estate Scotland's INTOG leasing round.
• Bellrock A 1,200 MW floating offshore wind project located east of Aberdeen, Scotland, contributing to the Scottish government's plan to deliver up to 11 GW of offshore wind capacity by 2030.
• Broadshore A 900 MW floating offshore wind project located north of Fraserburgh, Scotland, offering a framework allowing residents and communities to share financial benefits.
• Stromar A 1,500 MW floating offshore wind project located east of Caithness, Scotland, developed as part of the ScotWind program in collaboration with Ørsted and Energy Skills Partnership Scotland for workforce development.
• Kailia Energia A 750 MW offshore wind project located in the waters of Brindisi off the coast of Puglia, Italy, with the potential to reduce CO2 emissions by 2 million tons annually.
• Minervia Energia A 660 MW offshore wind project located in the gulf of Squillace off the coast of Calabria, Italy, with potential to create up to 2,500 direct jobs and produce 45,000 tons of green hydrogen annually.
• Odra Energia A 725 MW offshore wind project located off the southern coast of Lecce (Puglia), Italy, with potential to power 1.1 million homes annually.
• Nora Energia 1 An 800 MW offshore wind project located in the sea area of the Sardinian Channel, southwest of the Gulf of Cagliari, Italy, with potential to create up to 2,280 direct jobs.
• Nora Energia 2 A 600 MW offshore wind project located in the stretch of sea inside the Sardinian Channel, southeast of the Gulf of Cagliari, Italy.
• Tibula Energia A 925 MW offshore wind project located northeast of Sardinia, Italy, supporting sustainable growth of local communities through initiatives such as wind farm co-ownership schemes.
• Parc Tramuntana A 525 MW floating offshore wind project located in the Golfo de Roses in Catalunya, Spain, developed in partnership with Sener and Plenitude, with potential to create 6,000 direct jobs and avoid emission of up to 23 million tons of CO2.
• Parque Nordés A 560 MW offshore wind project located between Cedeira and Carino, Spain.
• Parque Tarahal A 225 MW offshore wind project located in the Municipality of Agüimes, Santa Lucia de Tirajana and San Bartolomé de Tirajana, Gran Canaria Island, Spain.
• Gippsland Dawn A 2,100 MW bottom-fixed offshore wind project located in Victoria, Australia, awarded a feasibility license by the Australian Government in July 2024 and granted Major Project Status, one of 16 projects nationwide to receive this recognition.

Quantifiable outcome

• 97,000+ homes powered (Scaraben project, 99.5 MW)
• +6 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• NadaracoreStrategic or Co-development Partner · 1 January 2023BlueFloat Energy and Nadara partnership secured seabed exclusivity rights through the INTOG auction process in Scotland (Sinclair and Scaraben projects, 99 MW each). Also developing Italian portfolio together (6 projects totaling 4.5 GW including Kailia, Minervia, Odra, Nora 1, Nora 2, and Tibula).
• ØrstedflagshipStrategic or Co-development PartnerØrsted is a co-development partner on the Stromar Offshore Wind Project (1,500 MW) in Caithness, Scotland, part of the ScotWind program. Ørsted contributes development expertise and investment to this flagship floating offshore wind project.
• SenercoreStrategic or Co-development PartnerSener is a co-development partner on Spanish offshore wind projects including Parc Tramuntana (525 MW) in Catalunya. Sener brings engineering expertise and local market knowledge to Spanish floating offshore wind development.
• PlenitudecoreStrategic or Co-development PartnerPlenitude (Eni) is a co-development partner on Spanish offshore wind projects including Parc Tramuntana (525 MW). They contribute to developing floating offshore wind in Spain with focus on local stakeholder engagement and regulatory framework development.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Swan Wind (Flotation Energy / Venterra Group): UK-based floating offshore wind developer focused on early-stage site development using fixed and floating foundations. Direct pure-play peer competing for Scottish and European floating wind seabed rights.
• Simply Blue Group: Pure-play floating offshore wind developer headquartered in Ireland with a pipeline in the UK and Ireland. Closely comparable to BlueFloat as a specialist floating-wind developer competing in the same ScotWind and INTOG auction landscape.
• Mainstream Renewable Power: Global renewable energy developer with significant floating offshore wind projects in Scotland (including ScotWind awards) and other markets. Directly comparable as a specialist developer competing in the same lease auctions and partner ecosystems.

Broad incumbents

• Cobra Group (VINCI Energies): Spanish renewable energy developer and EPC contractor with offshore wind ambitions in Spain. Competes with BlueFloat for the same Spanish seabed leases and partner relationships (Sener, etc.).
• Ørsted: Global leader in offshore wind development and the largest single developer in the space. Already partnered with BlueFloat on the 1,500 MW Stromar project, and provides the most direct read-across on floating wind commercialization, project economics, and execution capability.
• Equinor: Major integrated energy company and pioneer in floating offshore wind via Hywind Scotland and Hywind Tampen. Competes with BlueFloat for floating wind sites globally and brings comparable deep-water project expertise.
• Iberdrola (Avangrid): Major global utility with offshore wind ambitions in Spain (through Avangrid) and the broader European market. Competes with BlueFloat for Spanish seabed leases and represents the most established incumbent in BlueFloat's priority Spanish market.
• RWE Renewables: Major European offshore wind developer with projects across the UK and other markets. Competes with BlueFloat for leases, offtakers, and financing in priority geographies.
• TotalEnergies (OneTech / Renewables): Integrated energy major with growing offshore wind portfolio, including participation in floating projects. Comparable as a deep-pocketed counterparty competing for seabed leases and partners in emerging markets.
• Vineyard Wind / CIP (Copenhagen Infrastructure Partners): Global fund-backed renewable energy developer with major offshore wind projects in the US and Europe. Comparable to BlueFloat as a similarly capital-backed specialist with exposure to floating and deep-water fixed-bottom developments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BlueFloat Energy