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Share Price: 1,789.00

Bid: 1,794.00

Ask: 1,794.50

Change: -4.50 (-0.25%)

Spread: 0.50 (0.028%)

Open: 1,800.00

High: 1,806.50

Low: 1,784.00

Prev. Close: 1,789.00

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SSE, Coillte secure financing for Galway Wind Park

Thu, 07th Jan 2016 08:49

LONDON, Jan 7 (Reuters) - British energy supplier SSE, in partnership with Irish firm Coillte, has securedfinancing to complete construction of Galway Wind Park, thecompanies said on Thursday.

The companies raised 176 million euros to finish Ireland'slargest wind farm, which is set to generate 169 megawatts ofpower.

The project finance was agreed with mandated lead arrangerbanks BBVA, Cooperatieve Rabobank U.A. and NORD/LB.

The wind farm is due to begin operation in the third quarterof 2017. (Reporting by Sarah McFarlane; editing by Jason Neely)

More News

6 Feb 2013 11:50

UPDATE 1-Wind energy fund plans $320 mln IPO with UK govt backing

* Greencoat UK Wind fund to list on London Stock Exchange * Aims to raise at least 205 mln stg * To buy six wind farms from SSE, RWE * British govt commits 50 mln stg to IPO By Sarah Young LONDON, Feb 6 (Reuters) - A new fund focused on buying wind farms in Britain p

6 Feb 2013 10:12

Wednesday broker round-up UPDATE

ARM Holdings: Investec ups target price from 900p to 940p, maintaining its hold recommendation. JP Morgan increases target price from 540p to 625p and retains a neutral rating. UBS moves target price from 900p to 930p, while its neutral rating is reiterated. Espirito Santo raises target price from 8

6 Feb 2013 07:55

SSE agrees to sell four wind farms

Energy group SSE said Wednesday that it has agreed a deal under which it will sell four wind farms, which have a total generation capacity of 79.5MW, to a new fund managed by Greencoat Capital, which plans to list on the London Stock Exchange. The farms will be sold for a total cash consideration

6 Feb 2013 07:31

Greencoat UK Wind IPO to raise 205 mln stg

LONDON, Feb 6 (Reuters) - Greencoat UK Wind, an infrastructure fund managed by Greencoat Capital, said it plans to raise a minimum of 205 million pounds ($321 million) through an initial public offering that will see it list on the London Stock Exchange. The firm, which has an option to inc

31 Jan 2013 11:41

SSE cuts injection capacity at UK Aldbrough gas storage site

LONDON, Jan 31 (Reuters) - Injection capacity at SSE's Albrough gas storage site was reduced by 144 gigawatt-hours per day on Thursday during an outage that will last until 0600 GMT on Saturday, the company said. The utility said in a market message that capacity was reduced at 1100 GMT on

31 Jan 2013 11:36

London midday: AstraZeneca, Shell provide a drag on the Footsie

A host of FTSE 100 heavyweights disappointed with earnings reports on Thursday morning, as market sentiment was still fragile after yesterday's shock economic contraction in the States. The world's largest economy shrank by 0.1% in the last three months of last year, a stark contrast to the 3.1% gr

31 Jan 2013 08:35

UK's SSE expects year profit rise despite weak energy market

* Full-year dividend at least 2 pct above RPI inflation * SSE gas plant production falls 66 pct in first nine months * Gas plant investment decision not until later this year LONDON, Jan 31 (Reuters) - British utility SSE expects full-year adjusted pre-tax profits to rise 4-5 p

31 Jan 2013 08:18

London open: FTSE 100 slips on mixed corporate earnings

The FTSE 100 slumped in early trading on Thursday with heavyweight stocks AstraZeneca, Diageo, Shell and Vedanta providing a drag after disappointing the market with results. Stocks were also tracking US and Asian markets lower after yesterday's news that the US contracted in the fourth quarter of

31 Jan 2013 07:28

London pre-open: FTSE expected to drop in early trade

City sources predict the FTSE 100 will open down 19 points from yesterday's close of 6,323, tracking declines seen in the US and Asia overnight. The main US equity benchmarks finished the day trading slightly lower, following the announcement of a surprise drop in fourth quarter 2012 gross domesti

31 Jan 2013 07:06

SSE expects profit growth despite falling customer numbers

Utilities group SSE said on Thursday that it is on course to deliver increases in both adjusted profits and its dividend this year despite a slight fall in the number of customer accounts during the first nine months. The company expects the grow adjusted profit before tax by 4-5% in the year to M

29 Jan 2013 15:37

FTSE 100 movers: Anglo American a strong riser

Diversified mining group Anglo American gained despite saying it will recognise a 4.0bn dollar impairment charge in its 2012 results after completing a detailed cost and schedule review of its Minas-Rio iron ore project in Brazil. The gain appeared to be part of a wider trend, with sector peers Ev

28 Jan 2013 11:30

Broker tips: SSE, GKN, Tate & Lyle

Despite SSE underperforming the wider UK utility sector on the news that its Chief Executive Officer (CEO) is leaving, Credit Suisse has kept its 'outperform' recommendation for the shares, saying that value-creation is expected to continue. Credit Suisse said it expects no change in the SSE busine

28 Jan 2013 11:12

Broker snap: Credit Suisse still upbeat about SSE after CEO exit

Despite SSE underperforming the wider UK utility sector on the news that its Chief Executive Officer (CEO) is leaving, Credit Suisse has kept its 'outperform' recommendation for the shares, saying that value-creation is expected to continue. The company announced on January 23rd, that its CEO of mo

27 Jan 2013 17:20

Sunday share tips: Tullow Oil, AstraZeneca, Aviva

It may be time for Aidan Heavey to step aside at Tullow Oil. The former accountant, 59, is rightly feted as one of the oil industry's great entrepreneurs. Beginning with a tiny start-up in 1986 the Irishman turned Tullow into one of the most successful explorers in the world. Its 10.7bn pound market

24 Jan 2013 08:20

Thursday broker round-up UPDATE

Ashtead Group: Jefferies raises target price from 450p to 525p and keeps a buy recommendation. Aviva: Berenberg cuts target price from 480p to 470p, while retaining a hold recommendation. JP Morgan revises target price from 424p to 443p and maintains an overweight rating. Barr (AG): Societe Genera

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SSE, Coillte secure financing for Galway Wind Park

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