SSE advised on global wind farm portfolio

11 February 2008

SgurrEnergy provided technical due diligence work on the recent Airtricity Holdings Limited acquisition. The work was undertaken for Scottish and Southern Energy plc (SSE), who announced the £1.1billion deal on January 4.

SSE has acquired all of Airtricity’s assets making it the largest wind farm operator across the British Isles. Interests throughout the UK and Ireland include a 308MW portfolio of operational wind farms as well as 500MW of developments with planning consent. Globally the Dublin-based company has a pipeline of more than 9000MW in various stages of development, more than two thirds of which is based in China, with extensive plans for Portugal and the Netherlands. 

SgurrEnergy’s multi-disciplinary team provided a broad range of technical services beginning with a market analysis of each of the countries associated with the portfolio and a prediction of future energy outputs.  An assessment of operational performance of wind farms was carried out in addition to a technical review of operational and development phase projects.

The award-winning consultancy, which has offices in Glasgow, Beijing and Pune (India), has extensive experience in delivering due diligence work on behalf of lenders and investors. Recent activity includes advising Infracapital LP on the multi-million pound investment in the Zephyr wind farm portfolio and advising a large utility on Airtricity’s US wind farm portfolio.

Wind analysis manager at SgurrEnergy, Richard Boddington said: “Undertaking due diligence on such a large portfolio of wind projects is a definite challenge.  However, our due diligence team has assessed a number of similar wind farm portfolios recently in Europe, North America and China and we have many wind experts within the company so are well suited to this type of challenging project.  We are delighted that Scottish and Southern have successfully increased their renewables generating capacity.”

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