Following Iberdrola’s friendly acquisition of Acacia Renewables from Macquarie’s Green Investment Group in September 2020, the company will be renamed as Iberdrola Renewables Japan from today, Thursday April 1st 2021.
The announcement reinforces Iberdrola’s presence in Japan and its commitment to be a leading offshore wind developer in the country.
Earlier in March the company announced that it will co-develop the 600MW Seihoku-oki wind farm, together with Japanese developer Cosmo Eco Power and Hitz engineering
This means that Iberdrola Renewables Japan has a pipeline of 3,900 MW in total, and will be competing in rounds 2 onwards of the offshore auctions announced by the government.
Jonathan Cole, Iberdrola’s global managing director for offshore wind, said: “Japan is a country we are proud to be located in, with its world-leading ambitious target to deploy up to 45 gigawatts of offshore wind by 2040. Our skilled team in Tokyo has the capability to design and deliver projects that can play a major role in helping to reach this goal, and unlock the substantial economic and environmental benefits that offshore wind delivers.”
Iberdrola Renewables Japan has an experienced team of market experts and renewable asset developers, as well as offices in Tokyo, which will enable the company to lead the development of new projects in the country.
About Iberdrola Renewables Japan
To learn more about Iberdrola Renewables Japan (formerly Acacia) visit https://www.iberdrola-renewables.jp
About Iberdrola
Iberdrola is one of the world’s biggest energy companies, a leader in renewables, which is spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. It carries out renewables, networks and commercial activities in Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia, and, as growth platforms, it is present in markets such as Japan, Ireland, Sweden and Poland, among others.
With a workforce of more than 37,000 and assets in excess of €122.5 billion, in 2020, it achieved a turnover of €33 billion and a net profit of over €3.6 billion. The company contributes to sustain 400,000 jobs along its supply chain, with annual procurement of €14 billion. A benchmark in the fight against climate change, it has allocated more than €120 billion over the last two decades to building a sustainable energy model, based on sound environmental, social and governance (ESG) principles.