SSE Renewables and Acciona Forge Iberian Offshore Wind Alliance

Scotland’s SSE Renewables and Spain’s Acciona S.A. have signed an exclusivity agreement regarding the formation of a 50/50 joint venture to enter the emerging Spanish and Portuguese offshore wind markets.

SSE Renewables and Acciona will create a JV with expertise throughout the development, construction and operation of offshore wind and wider renewables, as well as in the Iberian market and regulatory landscape.

The exclusivity agreement between SSE Renewables and Acciona also includes scope to jointly explore other offshore wind markets beyond Spain and Portugal.

”Partnering with a well-established Spanish renewable developer will enable SSE Renewables to bring its offshore wind expertise to help Spain and Portugal achieve their ambition to reach carbon neutrality by 2050. It also demonstrates our intent to build our strong wind energy pipeline beyond the UK and Ireland,” Jim Smith, Managing Director of SSE Renewables, said.

Spain and Portugal have both set net zero emissions targets for 2050 and are two of the leading countries in Europe for renewable energy in terms of capacity built to date and ambitions for the future, SSE renewables said. The Spanish Government is expected to publish an offshore wind strategy this year.

Acciona is a global group that develops and manages sustainable infrastructure solutions, especially in renewable energy. Its business spans the entire value chain, from design and construction through to operation and maintenance.

In the field of energy, Acciona is a global renewable energy operator with 10,500MW under ownership, distributed throughout 16 countries on five continents.

”After successfully developing a leading global position in onshore wind and photovoltaic technologies, a partnership with SSE Renewables will allow us to accelerate our entry into the offshore wind market, where we also see great potential. It is a natural step forward in our strategy of providing the best possible alternatives for clients looking for clean energy solutions,” Rafael Mateo, CEO of Acciona Energy, said.