Drax plans to acquire Scottish Power’s UK renewable energy assets
Drax Group has disclosed that it is in talks with Iberdrola for the purchase of Scottish Power’s renewable energy assets in UK. The portfolio includes gas-fired power, hydropower and small-scale biomass projects.
The discussions are preliminary in nature and there can be no certainty of any agreement or the timing or terms of any such agreement. Any potential acquisition would be fully debt funded and subject to shareholder approval.
Scottish Power is a subsidiary of Iberdrola.
Country updates
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September 22, 2018
Greencoat Renewables closes acquisition of Knocknalour wind project
Greencoat Renewables has closed the acquisition of the 9.2 MW Knocknalour wind project for EUR10.9m (USD12.6460 m). The wind farm is located in located in Co Wexford, England and&n...
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September 21, 2018
Floating tidal platform installed in Nova Scotia
Sustainable Marine Energy Ltd has announced that the PLAT-I tidal energy system, equipped with four SCHOTTEL HYDRO SIT250 tidal turbines, has been installed in Grand Passage, between Brier and Long Is...
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September 20, 2018
Wind Infra Network acquires 100% interest of EcoGen
Wind Infra Network has completed the acquisition of 100% shares of the UK wind energy player, EcoGen. Ecogen develops and manages onshore wind projects. It has currently around 450 MW of pr...
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September 20, 2018
Gore Street Energy Storage Fund announces 19 MW acquisition
Gore Street, London's first listed energy storage fund investing in income producing assets in the UK and internationally, has announced the acquisition of two additional UK energy storage project...
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September 20, 2018
SSE and Fluor submit new optimised application for Seagreen wind projects
Seagreen Wind Energy Limited, a joint venture between SSE and Fluor, has submitted a new application to Marine Scotland for the Seagreen Alpha and Bravo offshore wind projects, loc...
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