funduffer wrote:richfool wrote:But what is SSE proposing to do with the proceeds of its sale of green assets, and why is it selling green assets at all? Are they really "non-core" assets?
It seems the likes of SSE are in the business of developing new Green infrastructure assets, like windfarms, but not so much in operating them over the long term, particularly if they are joint ventures. They prefer to recycle the capital into new green ventures.
Hence companies like Greencoat UK Wind (UKW), who are in the business of acquiring such assets and running them through their life, buy them up. They seem to produce steady and unspectacular returns on these assets over 20years+, paying a decent dividend (current yield is 5.3%). NIce way to generate some steady retirement income.
There is a very long, but interesting thread on green infrastructure investment here:
I have small stakes in both SSE and UKW.
On the other hand - SSE developing the world's largest off shore wind farm with Equinor.
Dogger Bank Wind Farm is the world’s largest offshore wind farm in development. This Joint Venture project between SSE Renewables and Equinor was granted consent as a Nationally Significant Infrastructure Project in 2015. Dogger Bank successfully secured 15-year contracts (CfDs) for 3.6GW of new offshore wind energy in the UK Government’s most recent auction for low carbon power in 2019.
https://www.sserenewables.com/offshore- ... gger-bank/