Renewco Power

Investor: Scottish National Investment Bank and SSE

The Scottish National Investment Bank and SSE have invested £20m and £9m respectively in Renewco Power, a Glasgow-headquartered renewable energy developer, via a fund managed by Corran Capital. Summary of transaction details: Value: £29m Sector: Industrials & Energy Advisor: Corran Capital Key Entities: Scottish National Investment Bank, SSE, Renewco Power Location: Scotland, UK Note: This investment will be used to advance Renewco’s wind and solar projects throughout Scotland and the UK, further accelerating the transition to clean energy across its key European markets, and demonstrating the growing importance of renewable energy in Scotland and the UK.