The portfolio consists of five projects, which are not-yet permitted, and therefore currently ineligible to be entered into Germany’s onshore wind auctions.
SSE’s acquisition from investment group Holt Holding marks the UK utility-developer’s entry into the German onshore wind market, which has experienced a sharp downturn with state-level permitting difficulties leading to undersubscribed tenders.
However, SSE said that it expects continued growth in the German onshore wind market in order for the country to meet national targets for renewable generation to provide 65% of gross electricity consumption by 2030 and 80% by 2050.
Managing director of SSE Renewables Jim Smith added developing the portfolio would "help provide more detailed insight into an adjacent market with significant growth potential".
SSE Renewables has developed nearly 2.5GW of onshore wind, most of which is in the UK and Ireland. It has also developed projects in Portugal and the US, according to Windpower Intelligence, the research and data division of Windpower Monthly.
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