Greencoat and GLIL acquired a 15% stake in Clyde Windfarm from SSE.

Greencoat, a British investment company investing in UK wind farms, and infrastructure fund GLIL acquired a 15% stake in Clyde Windfarm, the entity that holds the assets of the original 349.6MW Clyde windfarm and the 172.8MW Clyde Extension Windfarm, from SSE for a cash consideration of £202m before costs. Martin Pibworth, SSE’s Managing Director Wholesale, said: “Both the original Clyde wind farm and the recent extension are complex projects, requiring major investment and a great deal of effort to deliver such efficient assets that make a huge contribution to supplying electricity and reducing carbon emissions across the GB market. The sale of a further stake in Clyde to UKW and GLIL is a natural step in our partnership with them and our commitment to recycle capital where we can see value for SSE.”