Edition:
India

SSE Announces Results Of Seagreen CFD Allocation


Friday, 20 Sep 2019 

Sept 20 (Reuters) - SSE PLC ::SSE - SSE RENEWABLES INFORMED SEAGREEN PHASE 1 OFFSHORE WIND PROJECT SUCCESSFUL IN UK'S THIRD CONTRACT FOR DIFFERENCE ALLOCATION ROUND.SSE PLC - SSE RENEWABLES INFORMED ITS SEAGREEN PHASE 1 OFFSHORE WIND PROJECT SET TO BE AWARDED A CONTRACT FOR LOW CARBON POWER.SSE PLC - SEAGREEN PHASE 1'S TOTAL PLANNED INSTALLED CAPACITY IS 1,075MW AND IT IS EXPECTED TO GENERATE AROUND 5,000GWH ANNUALLY.SSE - PLANS IN PLACE TO PROGRESS FINANCING AND AN EQUITY STAKE SELL-DOWN TO MOVE TOWARDS A FINAL INVESTMENT DECISION IN 2020 FOR SEAGREEN PHASE 1.SSE PLC - SEAGREEN PHASE 1 HAS BEEN SUCCESSFUL IN SECURING A 15-YEAR CFD, STRIKE PRICE OF £41.61/MWH.