29th Aug 2007 10:34
Scottish & Southern Energy PLC29 August 2007 29 August 2007 SCOTTISH AND SOUTHERN ENERGY PLC INVESTS A FURTHER £1.1M IN SOLARCENTURY Scottish and Southern Energy plc ("SSE") has made a further £1.1 millioninvestment in Solarcentury Holdings Ltd ("Solarcentury"). The new investment forms part of a new £13.5 million round of financing thatwill enable Solarcentury to fund its product development and internationalexpansion strategy. It leaves SSE with a 12.3% share in the company. SSE recognises the growing contribution of renewable technologies in the UKenergy market. Its further investment in the Solarcentury business reflects thesuccess of the existing relationship between the two businesses and confidencein the future of this sector. SSE's subsidiary, Southern Electric Contracting, is Solarcentury's preferredinstaller. -ends- This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SSE