Greencoat UK Wind to acquire a 25.1% stake in Walney from SSE for $467m.

Greencoat UK Wind, a British investment company, agreed to acquire a 25.1% stake in Walney wind farms from SSE, an energy company, for £350m ($467m). "We are delighted to acquire SSE's 25.1% interest in Walney, which is a high quality, ROC accredited asset. The acquisition is our third offshore wind farm investment since listing in 2013, following our investments in Rhyl Flats and North Hoyle. Walney is a natural addition to our portfolio of operating UK wind farms and increases our net generating capacity to over 1GW for the first time," Shonaid Jemmett-Page, Greencoat UK Wind Chairman.