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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: 1,793.50

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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

7 Sep 2012 14:34

SSE gets the wind up at Greater Gabbard

SSE has hailed a major milestone at its wind farm at Greater Gabbard in the Thames Estuary, as all 140 turbines have been commissioned. Greater Gabbard Offshore Winds Limited (GGOWL), a 50-50 joint venture between SSE and German outfit RWE npower renewables, is now responsible for the operation fo

6 Sep 2012 15:57

Janet network upgrade contract goes to SSE

Utilities provider SSE has won the gig to provide 650 kilometres of fibre backbone to more than 30 sites connected to the Janet research and education network. The 10-year contract is worth £30m to SSE subsidiary SSE Telecommunications, and will support the development of the next generation fibre

31 Aug 2012 14:33

FTSE 100 movers: Miners lead the risers

Mining stocks were making gains on Friday, rebounding after bearing the brunt of 'risk-off' trade over the past few days. Even including today's rally, average share prices in the mining sector are down 3.4 per cent over the week. Potential merger partners Glencore and Xstrata were performing well

31 Aug 2012 11:40

London midday: Waiting to see what's up Bernanke's sleeve

- All eyes on Bernanke - Merkel asks Italy to delay bailout request - Redrow Chairman makes takeover approach The Footsie had moved into positive territory by Friday lunchtime following three straight days in the red, though gains were only mild as investors showed caution ahead of a pivotal speec

31 Aug 2012 11:36

Broker tips: IAG, SSE, BHP Billiton

Credit Suisse has reduced its target price for British Airways and Iberia owner International Consolidated Airlines Group, otherwise known as IAG, saying that consensus forecasts for 2013 look 'very vulnerable'. "We reduce our target price from 160p to 140p as valuation support dissipates for the s

31 Aug 2012 09:24

Broker snap: UBS upgrades SSE to 'buy'

Utilities giant SSE is enjoying 'better growth at lower risks', according to UBS which upgraded its recommendation for the stock from 'neutral' to 'buy' on Friday morning. "Thanks to a well balanced asset mix and its UK location, SSE is well positioned to benefit from the UK's renewable generation

31 Aug 2012 09:21

Friday broker round-up

Admiral: Nomura raises target from 1,300p to 1,350p, buy rating kept. Anglo American: Nomura cuts target from 2,200p to 2,100p, neutral rating kept. BHP Billiton: Nomura cuts target from 2,100p to 2,000p, buy rating kept. Catlin: Morgan Stanley downgrades to equal weight, target cut from 495p to

31 Aug 2012 08:32

London open: Tentative start ahead of Bernanke speech

- All eyes turn to Bernanke - Mining stocks wanted early on after recent losses - Redrow Chairman makes takeover approach Stock markets across Europe have been rather subdued over the past few days and the opening hour of Friday's session was no different as investors continued to show caution ahea

29 Aug 2012 16:39

London close: Markets nervous ahead of Jackson Hole

- Stocks look to Jackson Hole summit for a boost - Draghi hints at action ahead of ECB meeting - Glencore leads fallers on growing opposition to merger Global stock markets were mostly trading in the red on Wednesday afternoon in spite an upwards revision to US economic growth as investors showed c

29 Aug 2012 15:04

Sector movers: SSE lights up electricity stocks after broker upgrade

Gains for heavyweight utilities group SSE meant that the electricity sector was the best performing category on Wednesday afternoon. The company announced late on that power generation at its Glendoe hydro electric scheme, near Loch Ness, has re-started three years after a rock fall occurred in one

29 Aug 2012 14:26

Power restarts at SSE's hydro electric scheme

Utilities giant SSE has announced that power generation at its Glendoe hydro electric scheme, near Loch Ness, has re-started three years after a rock fall occurred in one of the tunnels. Three gigawatt hours (GWh) of electricity have already been produced and exported to the transmission network.

29 Aug 2012 09:38

Wednesday broker round-up -UPDATE

888 Holdings: Investec upgrades from sell to buy target hiked from 18p to 95p. Advanced Medical Solutions: Singer Capital Markets upgrades to buy, target lifted from 80p to 82p. AstraZeneca: AlphaValue downgrades to reduce. Bunzl: Jefferies raises target from 835p to 860p, underperform rating kep

22 Aug 2012 16:25

Sector movers: SSE sparks electricity sector

Utility giant SSE was making gains on Wednesday afternoon, providing a lift to the electricity sector in London, after announcing that it has hiked its gas and electricity bills for customers. Prices for SSE's household customers in the UK are to increase on average by nine per cent for both electr

22 Aug 2012 15:31

SSE hikes gas and electricity bills

Prices for SSE's household customers in the UK are to increase on average by nine per cent for both electricity and gas from the middle of October. The company, which also trades as Scottish Hydro and Swalec, said five million electricity customers and 3.4 million gas customers would be affected by

21 Aug 2012 14:45

FTSE 100 movers: Xstrata rises despite Glencore CEO's comments

Shares in Xstrata were higher throughout the day despite Glencore CEO Ivan Glasenberg saying that the proposed merger of the two companies is "not a must-do deal". Speaking to Dow Jones Newswires, he said: "If we don't do it now, we can do it in the future." Glencore was up after beating profit es

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SSE, Coillte secure financing for Galway Wind Park

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