SSE is selling three of its Scottish wind farm developments for an undisclosed sum to renewable energy developer Blue Energy.
Blue Energy has taken over ownership and the projects are believed to have a combined installed capacity of up to 98.7MW when constructed.
Martin Pibworth, SSE’s Managing Director, Wholesale, said:
“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.”
It follows the sale of Langhope Rig windfarm to GE Energy Financial Services by SSE in March and 25 per cent of Beatrice windfarm in November to Copenhagen infrastructure partners.
SSE has also pulled back from offshore wind farms. It decided last year that it would no longer develop the 690 MW Islay farm off the west coast of Scotland or invest in the 340 MW Galloper project off the coast of Suffolk.
We’re interested to see where SSE will re-invest these monies.