SSE Renewables and Brookfield Asset Management, a Canadian investment business, have joined forces to bid for the Hollandse Kust (west) offshore wind farm zone, which is currently under construction in the Netherlands. The Hollandse Kust (west) zones, which are about 53 km from the Dutch coast, are being auctioned for the development of two individual sites, each with a capacity of 700 MW. SSE Renewables’ offshore wind farm development experience will be combined with Brookfield’s long-term offtake agreement contracting expertise in this 50-50 partnership.
In the UK and Ireland, SSE Renewables has a total renewable capacity of 4 GW. Of this, onshore wind capacity accounts for 2 GW, offshore wind capacity for 0.5 GW, and hydropower for the remaining 1.5 GW. On the other hand, Brookfield Renewable operates hydroelectric, wind, solar and storage facilities across North America, South America, Europe and Asia, with around 21GW of installed capacity.
Earlier this month, SSE Renewables signed an agreement with Siemens Gamesa Renewable Energy (SGRE) to acquire approximately 3.9 GW European renewable energy development platform for $627 million. Under the agreement, SSE Renewables would acquire SGRE’s 3.9 GW onshore wind portfolio across Spain, France, Greece, and Italy.
REGlobal’s Views: SSE has set a target of 13 GW (net) installed renewable energy capacity by 2031, and these large bids will help the company to move closer to its goals.
