richfool wrote:But what is SSE proposing to do with the proceeds of its sale of green assets, and why is it selling green assets at all? Are they really "non-core" assets?
It seems the likes of SSE are in the business of developing new Green infrastructure assets, like windfarms, but not so much in operating them over the long term, particularly if they are joint ventures. They prefer to recycle the capital into new green ventures.
Hence companies like Greencoat UK Wind (UKW), who are in the business of acquiring such assets and running them through their life, buy them up. They seem to produce steady and unspectacular returns on these assets over 20years+, paying a decent dividend (current yield is 5.3%). NIce way to generate some steady retirement income.
There is a very long, but interesting thread on green infrastructure investment here:
viewtopic.php?f=8&t=17343
I have small stakes in both SSE and UKW.