Spanish conglomerate, ACCIONA, and UK-based SSE Renewables have signed an exclusivity agreement to develop offshore wind power projects in Spain and Portugal. The companies have also agreed to jointly explore further opportunities in other potential markets.
ACCIONA and SSE Renewables will establish a 50-50 joint venture (JV) that will combine ACCIONA's strength as developer and operator of onshore renewable facilities (wind and photovoltaic, mostly) with SSE Renewables’ skills and experience in the development, construction, and operation of some of the world’s leading offshore wind farms.
Signing the agreement, Rafael Mateo, CEO of the Energy business unit of ACCIONA said, “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.”
With its Renewable Energy Control Center (CECOER), ACCIONA will also provide its grid integration capabilities, its energy storage technology, and its engineering know-how applied to offshore wind turbines.
Jim Smith, Managing Director of SSE Renewables said, “I am delighted to be entering into this exclusivity agreement with ACCIONA. 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.”
SSE Renewables is a leading developer, constructor, operator, and owner of offshore wind energy projects across the UK and Ireland. It is currently constructing the world’s largest 3.6GW Dogger Bank Offshore Wind Farm in the North Sea, and Scotland’s largest 1.1GW Seagreen Offshore Wind Farm.