Greencoat to Buy SSE Wind Farms for 140 Million Pounds in IPO

Greencoat U.K. Wind Plc said it’s seeking to make an initial public offering of shares to raise 205 million pounds for the purchase of wind farms from the British utility SSE Plc.

SSE said it agreed to sell four wind farms with a combined generation capacity of 79.5 megawatts to Greencoat for 140 million pounds. The utility in a statement said it woudl invest 43 million pounds in Greencoat’s new fund, according to a statement released today.

To contact the reporter on this story: Reed Landberg in London at landberg@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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