SSE, Equinor to Buy 1.2GW Saltend Gas-Fired Power Station in GBP341 Million Deal
28 June 2022 - 4:52PM
Dow Jones News
By Jaime Llinares Taboada
U.K. energy group SSE PLC said Tuesday that it is acquiring
Triton Power Holdings Ltd. with Norway's Equinor ASA from Energy
Capital Partners for 341 million pounds ($418.3 million) to be
shared equally between the two companies.
Triton is the owner of the Saltend power station in England, a
combined cycle gas turbine and combined heat & power plant with
generation capacity of 1,200 megawatts. The site is a potential
primary offtaker to Equinor's Saltend hydrogen production project,
SSE said.
The portfolio also includes the 140-megawatt Indian Queens open
cycle gas turbine power station in Cornwall, England, and the
decommissioned Deeside CCGT power station in north Wales.
"Flexible energy will be absolutely essential as renewable
energy scales up over the coming years, providing vital back-up
while protecting security of supply. But the real prize will be how
we decarbonise that flexible energy over the longer term, and we
are excited, in particular, by the hydrogen and carbon capture
opportunities at Saltend," SSE Thermal managing director Catherine
Raw said.
The deal is expected to complete in September, subject to
regulatory approvals.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
June 28, 2022 02:37 ET (06:37 GMT)
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