SSE has agreed to sell a portion of its shareholding in the Beatrice Offshore Wind Farm to fund management company Copenhagen Infrastructure Partners (CIP).
The terms of the agreement reflect the costs of developing the project to its current stage. This sale aligns with SSE's strategic review of its offshore wind portfolio in March 2014 and secures an additional partner to take the project forward to a Final Investment Decision. After the acquisition, SSE will own a 50% share of the BOWL project, CIP will own 25% with Repsol maintaining its ownership of the remaining 25%.