SSE is to sell 49.9 % of its interest in the Stronelairg wind farm at Fort Augustus and the Dunmaglass estate near Inverness to help it fund a share buyback scheme and cut some of its debt , which stands at over £ 9bn ( $ 12bn ) . Renewable energy fund Greencoat UK Wind and a pension fund managed by Greencoat Capital are expected to pay £ 635 ##m ( $ 831 ##m ) at the end of March , with SSE stating £ ##500 m ( $ 262 m ) will go to the buyback programme and the rest reducing debt . Greencoat will take a 35.5 % stake , the pension fund 14.4 % . plc will continue to operate the Scottish wind farms .
SSE is to sell 49.9% of its interest in the Stronelairg wind farm at Fort Augustus and the Dunmaglass operation near Inverness to help it fund a share buyback scheme and cut some of its debt, which stands at over £9bn ($12bn). Renewable energy fund Greencoat UK Wind and a pension fund managed by Greencoat Capital are expected to pay £635m ($831m) at the end of March, with SSE stating £200m ($262m) will go to the buyback programme and the rest reducing debt. Greencoat will take a 35.5% stake, the pension fund 14.4%. SSE will continue to operate the Scottish wind farms.