The European Commission has outlined proposals to temporarily cap allowed... Read more →
SSE makes German wind entry
SSE has entered the German onshore wind market with the purchase of a 134MW mid-stage development pipeline from Holt Holding.
The UK utility – via subsidiary SSE Renewables – is purchasing land and development rights to five projects from the infrastructure, energy and agricultural investor as part of the deal.
The move is a reflection of continued appetite for the German onshore wind market – despite ongoing challenges to securing planning permits in the country – and follows the acquisition of similarly sized pipelines by Danish developers European Energy and EuroWind Energy in recent weeks.
The projects acquired from Holt have already completed environmental studies, while an initial batch of the schemes could potentially receive planning verdicts over the course of 2020, it is understood.
“Once permitted, the projects within this portfolio of onshore assets are expected to be eligible to enter the German onshore wind auction and bid for fixed price contracts of 20 years,” SSE said in a statement on Wednesday (December 11).
Holt Holding was advised on the sale by Mayland (financial) and Gorg (legal).
SSE was advised by CMS (legal).