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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Privately-held biotechnology company On Target Laboratories, Inc. announce that the U.S. Food and Drug Administration or FDA, has approved Cytalux (pafolacianine) for adult patients with ovarian cancer as an adjunct for intraoperative identification of malignant lesions. Cytalux is the first targeted fluorescent imaging agent that illuminates ovarian cancer intraoperatively. The Federal Trade Commission or FTC has ordered Walmart, Amazon, Kroger and certain other large wholesalers and suppliers to provide information to help it study causes of supply chain disruptions. The agency has launched an inquiry to find the reasons for empty shelves and exorbitant prices. Along with Walmart, Amazon.com, and Kroger, the order has been sent to C&S Wholesale Grocers, Associated.. Covid vaccine maker Moderna Inc.'s Chief Executive Stéphane Bancel has predicted that existing COVID-19 vaccines will be much less effective against Omicron than earlier strains, according to the Financial Times.
Follow RTT