Perth-based SSE Renewables and Spanish renewable energy operator Acciona S.A. said on Tuesday they have signed an exclusivity agreement regarding the formation of a 50-50 joint venture to enter the emerging Spanish and Portuguese offshore wind markets.

“This forms part of SSE Renewables’ strategy to seek to bring its expertise in the renewables value chain to international markets where it sees value,” said SSE.

“Spain and Portugal have both set net zero emissions targets for 2050 and are two of the leading countries in Europe for renewable energy in terms of capacity built to date and ambitions for the future.

“The Spanish Government is expected to publish an offshore wind strategy this year.

“Together, SSE Renewables and Acciona will create a JV with expertise throughout the development, construction and operation of offshore wind and wider renewables, as well as in the Iberian market and regulatory landscape.

“The exclusivity agreement between SSE Renewables and Acciona also includes scope to jointly explore other offshore wind markets beyond Spain and Portugal.”

Acciona Energy CEO Rafael Mateo said: “After successfully developing a leading global position in onshore wind and photovoltaic technologies, a partnership with SSE Renewables will allow us to accelerate our entry into the offshore wind market, where we also see great potential.

“It is a natural step forward in our strategy of providing the best possible alternatives for clients looking for clean energy solutions.”