Renewable energy company sells solar assets in multi-million deal

Move will significantly enhance Elgin’s financial strength and enable it to further develop remaining solar projects in Ireland, Britain, and Australia

Elgin has agreed to sell a 519-megawatt portfolio of solar projects and 70mw of co-located energy storage capacity to Scottish Power. 

Irish renewable energy company Elgin Energy has sold a portion of its solar power assets in Britain in a multi-million pound deal to Scottish Power Renewables, a subsidiary of global energy giant Iberdrola.

The move will significantly enhance Elgin’s financial strength and enable it to further develop remaining solar projects it already owns in Ireland, Britain, and Australia.