Siemens Gamesa to sell South European renewables development assets to SSE

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Siemens Gamesa has entered into an agreement with SSE to sell South European renewables development assets for a total cash consideration of EUR580 million (US$626 million).

This sale includes a pipeline of onshore wind projects with a total capacity of 3.9 GW in various stages of development in Spain, France, Italy and Greece, with the possibility to develop up to 1 GW of co-located photovoltaic projects.

As part of the transaction, SSE Renewables will have the opportunity to partner with Siemens Gamesa on the provision of turbines and associated long-term maintenance services for a portion of wind farms installed and operated by SSE in the next few years coming from this sale.

The closing of this transaction is expected to take place during Siemens Gamesa’s fiscal year 2022. Transaction closing is subject to customary regulatory approvals of the competent authorities. Purchase price consideration is subject to customary post-closing adjustments.

List of the country updates

Country updates

  • April 21, 2022

    Iberdrola starts the construction of the 50.4 MW Askio III wind project in Kastoria

    Iberdrola has started the construction of its 50.4 MW Askio III wind farm project located near the city of Kozani, in the Western Macedonia region, Greece. The project is equipped with 12 units of 4....

    Read more
  • April 21, 2022

    Greenalia begins public exhibition phase for 33 MW Lamas de Feas wind project in Ourense

    Greenalia has announced that its proposal to develop a 33 MW wind farm in Galicia, northwest Spain, has reached a permitting milestone. The company now begins to public exhibition phase. Lamas de Fe&...

    Read more
  • April 20, 2022

    Aena awards EPC contract for a 120 MW solar project at Madrid airport

    The board of directors of Aena, which administers Madrid's Adolfo Suárez Madrid-Barajas Airport, has approved plans for a 120 MW/142.42 MWp solar PV park within the vicinity.  Construccio...

    Read more
  • April 18, 2022

    Ardian launches first open-ended fund dedicated to the energy transition

    Paris-based private investment house Ardian has launched a new open-ended fund, Ardian Clean Energy Evergreen Fund (ACEEF), with a target of EUR1 billion (US$1.1 billion). More than half of its...

    Read more
  • April 18, 2022

    Capital Energy to build 85 MW Los Corrales wind project in Navarre

    Capital Energy is planning to build an 85 MW Los Corrales wind project located in Navarre Region, Spain. The Los Corrales wind project represents an investment of over EUR100 million (US$108.3 millio...

    Read more

Share this update