Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Scottish and Southern Energy sell three UK wind farms for £173m

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.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.