* Japan : IBERDROLA with new investments in renewable energy

GO ECO GREEN21

GO ECO GREEN21. Iberdrola is targeting the Japanese market as a new platform for growth in renewable energy, specifically in the field of offshore wind. The company has reached an agreement with Macquarie’s Green Investment Group to acquire 100% of the local developer Acacia Renewables.Acacia Renewables currently has two offshore wind farms under development, with a combined capacity of up to 1.2 GW, which could be operational by 2028. It also has four other projects in its pipeline, with a total capacity of 2.1 GW.

Iberdrola will hold an equal share in the six projects alongside GIG, and the partners will develop the portfolio.The operation is in line with the company’s strategy, allowing Iberdrola to position itself in the early development stage of Japan’s offshore wind market, which has strong growth potential. A report carried by Go Eco Green2a states taht the deal gives Iberdrola access to a diversified project…

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