By Michael Susin

SSE PLC said Thursday that its wholly owned Viking Energy Wind Farm is set to be awarded a low-carbon power contract for 220 megawatts in the U.K.

The award is part of the U.K.'s fourth contract-for-difference allocation round, the company said.

The U.K. energy group said securing the 15-year contract of 50% of Viking's total capacity will stabilize the project's revenue.

The 443-MW Viking wind-farm project is being built in the Shetland Islands, and operations are expected to start in 2024, the company said.

"Viking will be the most productive onshore wind farm in the U.K. when it enters operation from 2024, and will play a crucial role in decarbonizing energy supply in the Shetland Islands as well as in Scotland," SSE Renewables Managing Director Stephen Wheeler said.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

July 07, 2022 03:12 ET (07:12 GMT)

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