GE Energy Financial Services Acquires Langhope Rig Wind Farm in Scotland from SSE

The Langhope Rig wind farm comprises 10 GE 1.6-megawatt wind turbines which GE Energy UK will service under a long-term operations and maintenance agreement.

EDINBURGH, Scotland-- GE Energy Financial Services, a unit of GE (NYSE:GE), announced today that it has signed an agreement with SSE plc, one of the largest generators and suppliers of energy in the UK, to acquire the 16-megawatt Langhope Rig wind farm, which is nearing construction completion near Hawick, in the Scottish Borders. Situated approximately 55 miles south of Edinburgh, the project supports GE's commitment to international expansion and investing USD $1 billion annually in renewable energy projects worldwide.


The Langhope Rig wind farm comprises 10 GE 1.6-megawatt 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.

"The Langhope Rig acquisition supports our strategy of investing in high-quality energy assets with experienced partners," said Marsden. "This transaction combines GE's strengths as a leading supplier of both structured finance and energy technology in an investment underpinned by the UK's stable wind regime."

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 gigawatts in operation or under construction.

GE Energy Financial Services will honor SSE's commitments to the existing community investment fund associated with the project for the benefit of the communities surrounding the wind farm.

Featured Product

Vecoplan - Planning and implementation of complete processing plants in refuse derived fuel production

Vecoplan - Planning and implementation of complete processing plants in refuse derived fuel production

In order to reduce the costs involved in the energy-intensive production of cement, many manufacturers are turning to refuse-derived fuels (RDF), considerably reducing the proportion of expensive primary fuels they would normally use. Solid fuels are being increasingly used - these might be used tyres, waste wood or mixtures of plastics, paper, composite materials and textiles. Vecoplan provides operators of cement plants with proven and robust components for conveying the material and separating iron and impurities, efficient receiving stations, storage systems and, of course, efficient shredders for an output in various qualities.