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

This forms part of SSE Renewables’ strategy to seek to bring its expertise in the renewables value chain to international markets where it sees value.

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.

Together, 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.

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