Scottish and Southern Energy has sold its interest in three UK wind farms to renewable power firm Infinis for more than £170 million.
Infinis, part of the private equity firm Terra Firma, has bought 100 per cent stakes in wind farms in Scotland and Northern Ireland for a cash payment of £173.6m.
The three wind farms are:
- Dalswinton (30MW) and Minsca (36.8MW) in Scotland, the electricity from which is sold to a third party.
- Slieve Divena (30MW) in Northern Ireland, the electricity from which will be sold to SSE via a new power purchase agreement.
SSE sold its interest in Ardrossan wind farm to Infinis for £53.8m in May 2010.
SSE finance director, Gregor Alexander said: “While we are planning long-term growth of our wind energy portfolio throughout the UK and Ireland, we have always said that we will use disposals and acquisitions to optimise our wind farm portfolio, and this sale is consistent with that.
“I believe this is a good deal for SSE and Infinis, two companies with a strong commitment to renewable energy.”