Abstract The advances in floating offshore wind energy are opening deep sea areas, like the coastal waters of Iberian Peninsula (IP), for the installation of wind farms. The integration of this new energy source in a semi-closed power system with an already high share of variable renewable energies would be facilitated if the potential contribution of offshore wind energy shows reduced variability and limited seasonal variations, as the power demand in IP shows two maxima in winter and summer. The aims of this study are the analysis of temporal variability and spatial complementarity of the potential installation sites, and the identification of an optimal combination of installation areas that minimizes the temporal variability of the aggregated offshore contribution. In order to better capture the marked mesoscale features of winds around the IP, wind data from a very high resolution reanalysis (COSMO-REA6) are used. The analysis considers allowed areas for installation, delimited by the maritime spatial planning. Northern coast areas are characterized by high capacity factors (CFs) and high seasonality, while the lower CFs at the western and southern coasts are compensated by a limited seasonality. Pairwise correlation between the potential areas shows outstanding results, with several negative correlation values within a synoptic scale region, in contrast to other mid-latitude regions like the North Sea or the Eastern USA coast. An optimal aggregation of areas includes at least one area at each of the four main Iberian coasts. A strong reduction of hourly variability is obtained through the resulting combinations, and the seasonality of the aggregated CF is clearly below the values for other offshore areas. Therefore, offshore wind energy can indeed offer an added value for the Iberian power system beyond the high resource amount, reducing the need for storage or backup plants.