Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTApril 27 (Renewables Now) - 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.
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST