SSE completes purchase of Endesa Ireland
Utility company SSE has completed the acquisition of Endesa Ireland from Spanish power provider Endesa Generacion.
Utility company SSE has completed the acquisition of Endesa Ireland from Spanish power provider Endesa Generacion.
The €361m acquisition was announced back in June. SSE said it expects to stump up a further €137m (£110m) to complete a 460 megawatt (MW) combined cycle gas turbine currently under construction at Great Island, County Wexford.
As stated in June, the acquisition makes SSE the third largest generation capacity owner in the all-island Single Electricity Market (SEM) with 1,568MW (around 13% of installed capacity) in operation including 500MW of wind farm capacity to help meet the energy needs of SSE's over 750,000 energy supply customers in Ireland.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
JH
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Revolut launches its first stocks and shares ISA with BlackRock and Vanguard ETFs
A year after getting its UK banking licence, Revolut is now launching its first stocks and shares ISA with a suite of exchange-traded funds (ETFs) from BlackRock and Vanguard.
-
What does Trump’s ‘Big Beautiful Bill’ mean for the US economy?
Donald Trump’s budget bill will slash taxes, but is expected to add at least $3 trillion to US national debt