The leading renewable energy developer in Scotland, SSE Renewables, has joined forces with Japanese conglomerate Marubeni Corporation (Marubeni) and Danish fund management company Copenhagen Infrastructure Partners (CIP) to work together on joint bids for the ScotWind seabed leasing process managed by Crown Estate Scotland
Headquartered in Perth, Scotland, SSE Renewables already has the largest offshore wind portfolio in Scotland and has been involved in the industry from early stage demonstration projects through to developing, constructing and operating Scotland’s current largest offshore wind farm, Beatrice. SSE Renewables, as part of joint ventures, is also leading the construction of the 1.1GW Seagreen project which will become the largest offshore wind farm in Scottish waters when completed and Dogger Bank Wind Farm, which at 3.6GW will be the largest offshore wind farm in the world when operational.
Marubeni brings a wealth of sector experience and is currently leading a consortium to build Japan’s first commercial scale offshore wind projects at Akita Port and Noshiro Port in Akita Prefecture. The company is also participating in two floating offshore wind demonstration projects in Japan. These are the world’s first experimental floating wind farm project called Fukushima FORWARD sponsored by the Ministry of Economy, Trade and Industry and a demonstration project of Next-Generation Floating Offshore Wind Turbine sponsored by the New Energy and Industrial Technology Development Organisation (NEDO). Through these demonstration projects, Marubeni has experience of five different floating offshore wind technologies.
CIP has vast experience of delivering offshore wind with interests in Europe, Asia, North America and Australia and a global offshore wind pipeline of over 10GW. CIP has already worked with SSE Renewables on the 588MW Beatrice project in Scotland. Copenhagen Offshore Partners, who provide development and construction services exclusively for CIP, recently opened offices in Edinburgh which will serve as their global floating offshore wind competence centre.
Paul Cooley, SSE Renewables Director of Capital Projects, said:
“We are excited to bring together the combined strengths of each of the partner organisations. With a leading track record in developing, building and operating large-scale renewable projects in Scotland, SSE Renewables brings significant national and local experience. We will seek to maximise the opportunities that are available to the local supply chain to take part in these future projects and will continue to actively engage through the Scottish supply chain clusters.”
Hisafumi Manabe, President & CEO of Marubeni Offshore Wind Development Corporation, said:
“The global expertise that Marubeni and CIP bring to the table is important not only in fixed foundation offshore wind deployment but also in the development of critical new floating technology. We believe that ScotWind will play a pivotal role in delivering the new Scottish offshore wind target of 11GW by 2030 on the pathway to net zero bringing a wealth of economic benefits along the way.”
Michael Hannibal, CIP Partner, said:
“We were pleased to see the Scottish Government confirm the final Sectoral Marine Plan to give developers certainty on the potential option areas in ScotWind and look forward to finalising our bids in the coming months. We have a combined offshore wind portfolio of around 5GW in Scotland and over 20GW globally and we have our sights set on increasing this through the ScotWind process.”
Those suppliers who would like to express an interest in working with the partners on these developments can register their details now by contacting firstname.lastname@example.org.
CONTACT FOR FURTHER INFORMATION:
Richard Holligan || Communications Manager
M: +44 7341 725026
Notes to Editors
SSE Renewables is a leading developer, owner and operator of renewable energy across the UK and Ireland, with a portfolio of around 4GW of onshore wind, offshore wind and hydro. Part of the FTSE-listed SSE plc, its strategy is to drive the transition to a net zero future through the world class development, construction and operation of renewable energy assets.
SSE Renewables owns nearly 2GW of operational onshore wind capacity with over 1GW under development. Its 1,459MW hydro portfolio includes 300MW of pumped storage and 750MW of flexible hydro. Its operational offshore wind portfolio consists of 487MW across two offshore joint venture sites, Beatrice and Greater Gabbard, both of which it operates on behalf of its asset partners.
SSE Renewables has the largest offshore wind development pipeline in the UK and Ireland at over 6GW, of which around 3GW is in construction or consented. It is currently constructing the world’s largest offshore wind farm, the 3.6GW Dogger Bank Wind Farm in the North Sea. It also building Scotland’s largest offshore wind farm, the 1.1GW Seagreen Offshore Wind Farm in the Firth of Forth.
Marubeni Corporation is the Tokyo Stock Exchange listed conglomerate with extensive interests in power generation and renewable energy. Marubeni has built considerable offshore wind experience since its investment into UK offshore wind in 2011 as a first Japanese IPP developer. Marubeni is also the largest shareholder of Seajacks and has a wide range of offshore wind industrial value chain knowledge. As of October 2020, Marubeni owns a total gross capacity of 38GW and 12.2GW on a net equity basis of power plants globally.
In September 2018, Marubeni announced to halve its coal generation capacity by 2030 and to deploy the best innovative technologies to reduce the environmental impact. Further, Marubeni announced to double the scale of renewable energy exposure from the current 10% to 20% of total net generating capacity by 2023. This renewable target means that Marubeni intends to build or acquire renewable capacity of up to 3GW on a net equity basis.
Copenhagen Infrastructure Partners is a fund management company with seven energy infrastructure funds and more than EUR 12 billion in commitments under management. CIP is a multinational team with extensive experience and knowledge within renewable technologies. CIP has investments in utility scale renewable assets across North America, Western Europe, and Asia Pacific. The team has a broad range of competencies within corporate finance, merger & acquisitions, engineering, construction, project development and project management. CIP was established in 2012 by senior executives with a proven track record from senior positions in the energy industry. Current investments include a wide range of energy infrastructure assets including offshore wind, onshore wind, offshore power transmission, biomass and energy-from-waste, and solar PV investments.