SSE Renewables plans to form a joint ownership company with Pacifico Energy, a Japanese renewable energy developer.
As per their agreement, this company will pursue offshore wind energy development in Japan. SSE Renewables acquired an 80 per cent stake in an offshore wind development platform from Pacifico Energy to form this joint venture. This deal aims to develop many fixed and floating offshore wind projects. The new company plans to move ahead with its 10 GW portfolio of early-stage development projects. The projects that are in the most advanced stages of development will enter bid rounds before or in the mid-2020s.