Wedoany.com Report-Sept. 27, China’s State Development and Investment Group (SDIC) is evaluating the possibility of selling its renewable energy assets in the UK, according to industry sources cited by Bloomberg. The company operates these assets through its Edinburgh-based subsidiary, Red Rock Renewables, and has engaged a financial advisor to assess a potential disposal. No final decision has been confirmed.

The portfolio includes a 50% stake in the 1.1GW Inch Cape wind farm under construction off Scotland’s east coast, a 25% stake in the operational 588MW Beatrice offshore wind farm, also off Scotland, and full ownership of the 50MW Afton and 67MW Benbrack onshore wind farms in Scotland, with Benbrack currently in development. Industry estimates suggest the assets could be valued between £500 million and £700 million.

“We are committed to supporting the renewable energy sector while exploring strategic options to optimize our portfolio,” said a representative from Red Rock Renewables, though the company declined to comment further on the potential sale. The assets reflect SDIC’s significant investments in clean energy, contributing to the UK’s sustainable energy goals.

The Inch Cape project, a major offshore wind farm, is poised to become one of the UK’s largest renewable energy sources, while Beatrice already generates substantial clean power. The Afton and Benbrack wind farms further strengthen Scotland’s onshore renewable capacity, supporting local energy needs and sustainability efforts.

SDIC’s exploration of a sale aligns with its broader strategy to evaluate opportunities for portfolio optimization. The company remains focused on advancing renewable energy development, leveraging its expertise to support global clean energy initiatives. The potential transaction, if pursued, could attract interest from investors seeking established renewable assets in the UK’s growing green energy market.