SSE completes the sale of three wind farm developments to Blue Energy
SSE has completed the sale of three Scottish wind farm developments namely Cour, Blackcraig and Whiteside Hill to Blue Energy for an undisclosed sum.
Whiteside Hill and Blackcraig wind farms are located in Dumfries and Galloway and Cour is located in Argyll and Bute. The three wind farms will have a combined installed capacity of up to 98.7 MW once constructed.
The sale sees ownership and responsibility for constructing the three wind farms, which all have planning consent, transfer to Blue Energy with immediate effect. Under the sale agreement, responsibility for setting up and managing the community investment funds associated with each project will be transferred over to Blue Energy.
Martin Pibworth, SSE’s Managing Director, Wholesale, stated:
“We are pleased to confirm the sale of our Cour, Blackcraig and Whiteside Hill onshore wind farm projects to Blue Energy. The sale represents the next step, following the recent sale of Langhope Rig wind farm, in a programme of disposals to recycle capital and optimise our wind farm pipeline. The proceeds from the disposal of these three projects will help to support our future investments in new renewable energy assets.”
Chris Dean, CEO of Blue Energy commented:
“We are delighted to complete the acquisition of the Blackcraig, Whiteside Hill and Cour wind farms from SSE. This major strategic investment expands our UK wind farm portfolio to over 260 MW and emphasises our confidence in and commitment to the UK renewable energy sector”
We have recently reported about several wind deals globally:
- AGL Energy sells its stake in 420 MW Macarthur wind project - Australia
- ORIX acquires 33.3% stake in 100 MW Kashima offshore wind farm - Japan
- Caisse des Dépôts acquires 7.5 % stake in Saint-Brieuc offshore wind project - France
- EDPR sells minority stakes in wind farms in Brazil to CTG - Brazil
- Sale of wind projects Post Rock and Lost Creek based in Kansas and Missouri - USA
- UKGIB acquires stake in Rampion offshore wind farm - UK
- Capital Stage acquires PROKON Regenerative Energien - Germany
Country news
-
-
June 04, 2015
CHEC to provide marine works for tidal lagoon power station project
China Harbour Engineering Company Ltd (CHEC) has been selected as the preferred bidder to provide marine works for the £1 billion Swansea Bay Tidal Lagoon project in UK. Read more -
June 05, 2015
ScottishPower Renewables gets approval for Glen App wind farm in Scotland
South Ayrshire Council has approved ScottishPower Renewables plans of developing the 33 MW Glen App Wind farm in Scotland. Read more -
June 08, 2015
Addleshaw Goddard hires project finance expert Oliver Carruthers
Addleshaw Goddard has hired project finance expert Oliver Carruthers as a partner in its infrastructure, projects and energy (IPE) practice. Read more -
June 10, 2015
NEMO LINK announces €500 million contracts to build the first interconnector between GB and Belgium
NEMO LINK has announced Siemens and J-Power Systems, the Japan-based subsidiary of the Sumitomo Corporation, as the two winning contractors who will build the first interconnector between GB and Belgium. Read more -
June 10, 2015
UK government green-lights planning for Swansea Bay tidal lagoon project
The UK government has given planning consent for construction of the 320 MW tidal lagoon project in Swansea Bay, Wales. Read more
