GE Energy Financial Services, a unit of GE, signed an agreement with SSE plc (formerly Scottish and Southern Energy), to buy the 16 MW Langhope Rig wind farm, which is nearing construction completion near Hawick, in the Scottish Borders.
Situated about 55 miles south of Edinburgh, the project supports GE’s commitment to international expansion and investing $1 billion annually in renewable energy projects worldwide.
The Langhope Rig wind farm comprises 10 GE 1.6 MW wind turbines which GE Energy UK will service under a long-term operations and maintenance agreement. Under the terms of the acquisition agreement, GE Energy Financial Services will own and operate the wind farm once it becomes operational later this year.
Andrew Marsden, a managing director and European leader at GE Energy Financial Services, noted that the acquisition expands GE’s global presence, grows its international wind portfolio and demonstrates its commitment to supporting customers.
Renewable energy is a core focus area for GE Energy Financial Services, one of the world's biggest investors in wind power, with a portfolio of projects spanning nine countries and a capacity totaling more than 14 GW in operation or under construction.