SSE Buys Scottish Wind Farm Requiring $304 Million InvestmentSally Bakewell
SSE Plc, the U.K.’s second-biggest energy supplier, agreed to buy a Scottish wind farm from Britain’s Renewable Energy Systems Ltd. requiring total 200 million pounds ($304 million) investment.
That sum includes the acquisition, development and capital costs for the 99-megawatt Dunmaglass wind project, the Perth, Scotland-based utility said today in a statement.
SSE plans to start building the venture near Loch Mhor, 25 kilometers (15.5 miles) south of Inverness, later this year with completion in early 2016. The project, which received planning consent in December 2010, will use 33 turbines, according to the statement.