SSE sells stake in Cloosh Valley Wind Farm to Greencoat Renewables

SSE has sold a 25% stake in the 108MW Cloosh Valley Wind Farm, part of the 174MW Galway Wind Park in Connemara, Co. Galway, to its site co-owner Greencoat Renewables plc (“Greencoat Renewables”). The stake equates to 27MW (megawatts) of capacity and the total consideration is €34.5m representing the equity value of the transaction (excluding the external debt finance).