Scottish & Southern Energy PLC
16 January 2008
CONSENT FOR FAIRBURN WIND FARM
Scottish and Southern Energy plc ('SSE') has been granted planning permission by
The Highland Council to develop a 40MW wind farm at Fairburn in Ross-shire.
The wind farm will have 20 turbines and, subject to a final investment decision,
construction work is expected to begin later this year. Its development will
require investment of around £45m.
When Fairburn is commissioned, SSE will have 315MW of installed onshore wind
farm capacity. This includes the Drumderg, Toddleburn and Achanay wind farms,
all of which have planning consent and which are at various stages of
development. It will be SSE's eighth onshore wind farm.
SSE's agreement to acquire Airtricity Holdings Ltd, when completed, will add
308MW of operating onshore wind farm capacity to its portfolio and 291MW of
onshore wind farms with full consent and/or under construction.
In summary, following the granting of consent for the Fairburn development and
the completion of the Airtricity acquisiton, SSE will have over 900MW of onshore
wind farm capacity in operation, under construction or with consent in the UK
and Ireland.
Ian Marchant, Chief Executive of SSE, said: 'This is a very good result which
reflects the hard work of our project development team. The success at Fairburn
means we have secured consent for four separate wind farm developments in 16
months. The combination of our growing portfolio of wind farm assets and those
of Airtricity will further reinforce our position as the UK's leading generator
of electricity from renewable sources.'
This information is provided by RNS
The company news service from the London Stock Exchange
ND
MSCBAMRTMMMBBIP
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.