SSE Renewables adds to wind portfolio

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.

Germany has been a leading onshore wind market for many years. Continued growth in this market is expected in order to meet national targets for renewable generation to provide 50% of gross electricity consumption by 2030 and 80% by 2050, up from 38% in 2019.

As a renewables developer, operator and owner, SSE Renewables is continually exploring opportunities to grow its portfolio of onshore wind, offshore wind, and hydro-electric assets. It aims to develop and build enough renewable energy capacity to treble annual output of renewable electricity to 30000000000 kWh.

SSE Renewables has to date developed nearly 2.5 GW of onshore wind in the UK and Ireland and - in line with the SSE Group’s strategy to recycle capital for future developments - currently owns nearly 2 GW of onshore wind assets and operates over 2.5 GW, including on behalf of third parties.

In addition to its onshore activities, SSE Renewables continues to develop its offshore wind pipeline of over 7 GW across the UK and Ireland. This includes Dogger Bank Wind Farms (3600 MW, SSE Renewables share 50%) and Seagreen Offshore Wind Farm (1075 MW). Both of which were successful in the recent UK Government Contracts for Difference auction (with contracts for 3600 MW and 454 MW, respectively) and are progressing towards financial close.

Read the article online at: https://www.energyglobal.com/wind/18122019/german-development-acquisition-for-sse-renewables/