SSE takes control of 457 MW Viking Energy wind project in Scotland

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

SSE has struck a deal to provide all of the future finance required to build the Viking Energy wind farm.

The 457 MW project is being developed by SSE and Viking Energy Shetland. The latter would earn a preferred annual return on its investment but it is not possible at the moment to give an accurate percentage rate as this depends on the outcome of the Contracts for Difference (CfD) process.

Recently, Scottish ministers approved plans for the size of the Viking turbines to be increased from 145 metres to 155 metres.

List of the country updates

Country updates

  • May 27, 2019

    Zouk Capital completes purchase of 51% stake in Be Power

    Zouk Capital has completed the purchase of a 51% stake in Be Power, a unit of Building Energy that focuses on electric mobility and electric vehicles.  Building Energy is an independent power pr...

    Read more
  • May 24, 2019

    Aquila Capital seeks EUR300m in London IPO for its renewable fund

    Hamburg-based Aquila Capital is seeking to raise a EUR300 million (US$337 million) through a listing on the London Stock Exchange (LSE) for its Aquila European Renewables Income Fund. ...

    Read more
  • May 23, 2019

    50 MW wind project plans approved by Shetland Islands Council

    Shetland Islands Council has given its approval for the construction of 50 MW Mossy Hill Wind Farm project by Peel Energy. The wind farm will have 12 turbines with maximum tip heights of 145 meters b...

    Read more
  • May 23, 2019

    Innogy’s offshore wind farm´s capacity increases to 1.4 GW

    Sofia Offshore Wind Farm, the largest project in innogy’s development portfolio, has been granted approval to increase its maximum installed capacity by 200 megawatts from 1200 MW to 1400 MW.

    Read more
  • May 22, 2019

    InfraRed, Navigant launches global energy JV

    InfraRed Capital Partners and consultancy firm Navigant have formed a joint venture, Compass Energy Platform, LLC (Compass), that aims to provide an innovative platform to help cities and utiliti...

    Read more

Share this update