SSE Renewables completed the acquisition of South European renewables assets from Siemens Gamesa for €580m.

SSE Renewables, an energy company, completed the acquisition of South European renewables assets from Siemens Gamesa, an engineering company, for €580m ($626m). “We are pleased to have successfully completed the transaction with SSE before the end of our fiscal year 2022, as announced in April. With this sale, Siemens Gamesa is optimizing its portfolio of assets and maximizing value. We are confident that SSE is the right partner to develop the excellent portfolio of wind projects built over the years by our South European project development team, that will now also be part of SSE. This agreement will strengthen our relationship with SSE, as it will be beneficial for both companies,” Jochen Eickholt, Siemens Gamesa CEO.