GE Energy Financial Services (EFS) has signed an agreement with SSE Renewables to acquire the 16 MW Langhope Rig wind farm, which is nearing construction completion near Hawick, in the Scottish Borders.
The Langhope Rig wind farm is powered by 10 GE 1.6 MW wind turbines, which GE Energy U.K. will service under a long-term operations and maintenance agreement. Under the terms of the acquisition agreement, GE EFS will own and operate the wind farm once it becomes operational later this year.
The investor says it will continue to contribute to the existing community investment fund associated with the project for the benefit of the surrounding communities.
Located approximately 55 miles south of Edinburgh, the project supports GE EFS's international expansion and investment of $1 billion annually in renewable energy projects worldwide.
According to the company, renewable energy remains a core focus area. With a portfolio of projects spanning nine countries and a capacity totaling more than 14 GW in operation or under construction, GE EFS is one of the largest wind investors in the world.