Utility developer SSE has taken full ownership of the Seagreen offshore wind zone off the east coast of Scotland, including a 1500MW initial phase.
The company acquired the 50% of the project that was previously owned by Fluor on undisclosed terms.
“Increasing its share in Seagreen is in line with SSE’s offshore wind ambitions and with the group’s broader strategy to create value for shareholders,” it said.
SSE is currently seeking amendments to the original Seagreen Alpha and Bravo consents ahead of bidding for the next round of the Contracts for Difference auction.
Wholesale director Martin Pibworth said: “The Seagreen acquisition aligns with SSE’s ambition to create value from owning, operating and developing clean energy assets and infrastructure.
“SSE’s expertise in the development, construction and operation of offshore wind will be an asset to Seagreen and we will review the ownership structure in due course.”