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SSE Renewables, Pacifico Energy Join For Offshore Wind Deployment - Quick Facts

SSE Renewables has agreed with Pacifico Energy to create a joint ownership offshore wind company which will drive development activities in Japan. This involves the acquisition by SSE of an 80% interest in an offshore wind development platform from Pacifico Energy and its affiliates for $208 million of which $30 million is
deferred consideration.

The deal includes the acquisition of a number of early-stage offshore wind development projects geographically spread across Japanese waters. The two most advanced projects have secured grid access, the company noted.

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