Wind turbines in Spain
SSE buys Siemens Gamesa renewables portfolio
UK-based company secures foothold in southern Europe with $630mn deal
The UK’s SSE Renewables has expanded into southern Europe with a deal to buy a portfolio of wind and solar projects from Spain’s Siemens Gamesa for €580m ($630mn). The portfolio includes 3.9GW of onshore wind power projects across Spain, France, Italy and Greece, as well as scope to develop 1GW of solar projects. Many of the projects are at an early stage of development and will require significant further investment to complete. “The project portfolio brings some excellent assets and will provide a real springboard for our expansion plans in Europe across wind, solar, batteries and hydrogen," says Stephen Wheeler, managing director of SSE Renewables, the clean energy arm of UK-based utility
Also in this section
13 May 2025
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
30 April 2025
State administrations are using a flawed metric to justify green energy projects
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids
24 April 2025
Liverpool Bay project on track for 2028 startup as Italian energy company reaches financial close with government for CO₂ transport and storage network
