Iberdrola Targets Japanese Renewables Market

Wind Industry Profile of

Acquires local developer Acacia Renewables and enters joint venture with Macquarie's Green Investment Group (GIG) to develop its 3.3 GW offshore wind portfolio

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... ... More: Official Press Release Iberdrola

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Iberdrola, Japan, wind farm, onshore, offshore, government, investment, acquisition, GW, portfolio, renewable energy