Disposal

RNS Number : 9534E

Scottish & Southern Energy PLC

15 April 2011

 



SCOTTISH AND SOUTHERN ENERGY PLC

DISPOSAL OF WIND FARM CAPACITY

 

SSE (Scottish and Southern Energy plc) has sold its 100% interest in three wind farms with a total capacity of 96.8MW (megawatts) to Infinis, a Terra Firma company, 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; and

·     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 in May 2010.

Gregor Alexander, Finance Director of SSE, 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."

 

END

 

 

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