SSE Partners With Acciona in Spanish, Portuguese Offshore Wind
By Sabela Ojea
SSE PLC said Tuesday that its renewables business SSE Renewables
has signed an exclusivity agreement with Spanish Acciona to create
a 50%-50% joint venture to enter Spain and Portugal's offshore wind
The FTSE 100 energy company said the joint venture will focus on
the development, construction and operation of offshore wind and
wider renewables, as well as in the Iberian market and regulatory
The company also said the deal includes scope to jointly explore
other wind markets.
"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," SSE said.
Write to Sabela Ojea at firstname.lastname@example.org; @sabelaojeaguix
(END) Dow Jones Newswires
February 23, 2021 07:51 ET (12:51 GMT)
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