Hedge fund steps up pressure on Airtricity owner SSE over wind farms

Elliott has long been seeking big changes at SSE and has significant clout in being the fifth largest investor at the London-listed firm

The 169MW Galway Wind Park, co-developed by SSE and Coillte in Connemara’s Cloosh Valley, is  Ireland’s largest wind farm, generating more green energy than any other wind generation site on the island.

US hedge fund Elliott has stepped up the pressure on SSE for the Irish and British electricity retailer and generator giant to spin off its wind farms and other renewables. 

In Ireland, SSE owns Airtricity which is a major retailer and generator into the all-Ireland power market, with 28 onshore wind farms producing 720 megawatts across the island. In the Republic, Airtricity co-owns the Galway Wind Park with Coillte.