Tuesday 25 September 2018

SSE to take full control of Seagreen Wind Energy

SSE to take full control of Seagreen Wind Energy

Big Six supplier SSE has announced it is buying the remaining 50% stake in Seagreen Wind Energy.

It already owns the other half of the joint venture and said it will purchase Fluor’s share of the project for a single payment of £118 million.

Seagreen Wind Energy was established to develop offshore wind projects in the Firth of Forth Zone – which meets the North Sea with Fife on the north coast and Lothian on the south.

Seagreen Phase 1 consists of the Alpha and Bravo projects and is targeting up to 1.5GW of capacity, which is being prepared to bid in the upcoming Contracts for Difference (CfD) auction, expected in May 2019.

Martin Pibworth, SSE’s Wholesale Director said: “The Seagreen acquisition aligns with SSE’s ambition to create value from owning, operating and developing clean energy assets and infrastructure.”

The acquisition takes SSE’s total offshore wind portfolio to around 4GW.

New energy technologies will be part of the discussions at Energy Live Expo on 31st October, with Energy Minister Claire Perry headlining the event. To book your place, you can e-mail tickets@energylivenews.com.

Written by

Bruna Pinhoni

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