SSE Renewables and Spanish renewable energy developer Acciona have signed an exclusivity agreement regarding the formation of a 50/50 joint venture to enter the emerging Spanish and Portuguese offshore wind markets.

Like the UK, 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. The Spanish Government is expected to publish an offshore wind strategy this year.

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

Jim Smith, MD 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.”

Share Story: