SSE Renewables is expanding its onshore wind pipeline through the acquisition of land and development rights to a 134MW portfolio in Germany from Holt Holding for an undisclosed price.
The portfolio comprises the rights to five projects, which, once permitted, are expected to be eligible to enter the German onshore wind auction and bid for fixed price contracts of 20 years, SSE said.
SSE Renewables said it is continually exploring opportunities to grow its portfolio of onshore wind, offshore wind, and hydro-electric assets to contribute towards its ambition to develop and build enough renewable energy capacity to treble annual output to 30 terrawatt-hours.
SSE Renewables managing director Jim Smith said: “Whilst a small investment compared to our significant offshore wind pipeline, this first step will help provide more detailed insight into an adjacent market with significant growth potential.
“This acquisition is a good incremental addition to the SSE Renewables’ onshore pipeline.”
SSE Renewables has developed nearly 2.5GW of onshore wind in the UK and Ireland.
It currently owns nearly 2GW of onshore wind assets and operates over 2.5GW, including on behalf of third parties.
SSE Renewables also has over 7GW of offshore wind in its pipeline in the UK and Ireland.