SSE buys Siemens Gamesa renewables portfolio
UK-based company secures foothold in southern Europe with $630mn deal
The UK’s SSE Renewables has expanded into southern Europe with a deal to buy a portfolio of wind and solar projects from Spain’s Siemens Gamesa for €580m ($630mn). The portfolio includes 3.9GW of onshore wind power projects across Spain, France, Italy and Greece, as well as scope to develop 1GW of solar projects. Many of the projects are at an early stage of development and will require significant further investment to complete. “The project portfolio brings some excellent assets and will provide a real springboard for our expansion plans in Europe across wind, solar, batteries and hydrogen," says Stephen Wheeler, managing director of SSE Renewables, the clean energy arm of UK-based utility
Also in this section
3 May 2024
Developers look to government’s forthcoming budget to restore support as industry suffers loss of momentum
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist