SSE sells wind interests

SSE has sold a 50% share, 36MW, in the Braes of Doune onshore wind farm to a fund managed by Climate Change Capital for £61.3 million.The agreement follows the April […]

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By Tom Gibson

SSE has sold a 50% share, 36MW, in the Braes of Doune onshore wind farm to a fund managed by Climate Change Capital for £61.3 million.The agreement follows the April 2011 sale to Infinis of SSE’s 100% interest in three onshore wind farms, with a total capacity of 96.8MW, for £178.4 million.

Gregor Alexander, Finance Director of SSE, said: “This agreement represents the latest step in a programme of acquisitions and disposals to optimise our wind farm portfolio. Fundamentally, SSE owns generation capacity to meet the electricity needs of its own customers and this disposal will mean that the power generated from all but 12MW of our wind farm capacity is used for that purpose.”

SSE will have 775MW of onshore wind farm capacity in operation after the sale. It has 12 onshore wind farms, with a total capacity of 714MW, under construction in Scotland, Northern Ireland and the Republic of Ireland.