EnergyWatch

SSE continues billion-euro divestments

The Scottish utility now sells its stakes in two companies in a deal totaling more than a billion euros. The funds from the sale will be spent on renewable energy projects.

Photo: PR SSE

SSE just entered a deal to sell its stakes in waste-to-energy ventures Multifuel Energy and Multifuel Energy 2, the Scottish utility informs in a press release.

SSE sells to European Diversified Infrastructure Fund III, which is controlled by First Sentier Investors. According to SSE, the sale will bring in the company GBP 995 million (EUR 1.1 billion).

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