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.
JH