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SSE picks Brookfield as bid partner for HKW

By: Bridget Randall-Smith 27/04/2022 SSE

General Windfarms

SSE Renewables has formed a strategic partnership with Brookfield for participation in the 1.4GW Hollandse Kust West offshore wind farm tenders.

The 50/50 partnership combines SSE Renewables’ experience in developing, constructing and operating offshore wind farms with Brookfield’s own substantial development experience and specialism in contracting long-term offtake agreements with corporate counterparties through its Brookfield Renewable platform.

Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms with approximately 21,000MW of installed capacity. The company is an established leader in power marketing, with over 700 industrial and commercial clients. Brookfield is pursuing this partnership through the Brookfield Global Transition Fund I.

SSE Renewables plans to double its installed renewable energy capacity to 8GW by 2026 and has ambitious targets to more than treble capacity to over 13GW by 2031 and increasing output fivefold to over 50TWh annually – enough to be able to power around 20 million homes each year. It is currently building the world’s largest offshore wind farm at Dogger Bank in the UK North Sea.

DENNIS BREUGELMANS PROJECT DIRECTOR - INTERNATIONAL MARKETS, SSE RENEWABLES: "I am delighted that we are partnering with Brookfield Renewable on this project given their significant operating experience and their wider investments in the Netherlands. Both partners are experienced innovators and committed to ensuring that offshore wind is developed in harmony with the surrounding ecosystem."

Located about 53 km off the Netherlands’ west coast, the HKW wind farm zone is to be auctioned in two separate sites (Site VI and VII), each of which can accommodate up to 700 MW of wind capacity. The window for tender submissions will close on 12 May 2022.

The two tenders have a clear focus on innovation, with half of the points-based system awarded based on ecological measures (site HKW VI) and energy system integration (site HKW VII). The HKW tender will also be the first to incorporate a financial bid component capped at €50m.

Last week Vattenfall and BASF also confirmed a bidding partnership. The winners are expected to be announced after October 2022. A permit for the operation of an offshore wind farm will be awarded with a lease for 35 years.

For more information on offshore wind farms worldwide, click here.

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SSE picks Brookfield as bid partner for HKW

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