SSE, Brookfield Renewable join forces for Dutch offshore wind tenders

SSE Renewables and a unit of Canada’s Brookfield Asset Management Inc (TSE: BAM.A) have tied up to jointly bid in the ongoing tenders for the Hollandse Kust West (HKW) offshore wind farm zone in Dutch waters.

The 1.4-GW Hollandse Kust West zone is located about 53 km off the west coast of the Netherlands and is being auctioned in two separate tenders of 700 MW each, one for Site VI and one for Site VII. Both tenders will close on May 12, 2022, and a decision on the winners will be made after the summer.

The renewables arm of UK utility SSE plc (LON:SSE) said on Wednesday that it will take part in the tender through a 50/50 partnership with Brookfield Renewable Partners LP (NYSE:BEP). The two firms intend to combine their experience in renewable energy development. They noted that both of them consider the Netherlands as being a leading market for offshore wind development.

Brookfield Renewable has over 21 GW of assets and a 62-GW development pipeline. SSE Renewables, meanwhile, has 4 GW of owned and operated installed renewables capacity and aims to double it by 2026 and reach 13 GW by 2031.

Last week, Swedish utility Vattenfall AB and German chemicals company BASF SE (ETR:BAS) announced they would submit a joint bid for the 700-MW Site VI of the HKW zone.

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