SSE Agrees to Sell Scottish Wind Farm to General Electric Unit

(Bloomberg) — SSE Plc agreed to sell a 16-megawatt onshore
wind farm in Scotland to GE Financial Services, a unit of
General Electric Co.

Under the deal, GE will own and operate the 10-turbine
project near Hawick when construction is finished in the first
half, Perth, Scotland-based SSE said in a statement Thursday. No
terms were disclosed.

“SSE’s agreement with GE represents the latest step in a
program of acquisitions and disposals to optimize our wind farm
portfolio and the proceeds from the sale of Langhope Rig will
help to support our investment in new renewable assets,” SSE
Director of Renewables Paul Cooley said.

To contact the reporter on this story:
Louise Downing in London at

To contact the editors responsible for this story:
Reed Landberg at
Tony Barrett, Ana Monteiro

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us