May 8, 2018 / 7:21 AM / 13 days ago

BRIEF-Greencoat Wind, GLIL to buy further 14.9 pct of Clyde windfarm

May 8 (Reuters) - SSE PLC:

* SSE SAYS GREENCOAT UK WIND PLC AND GLIL INFRASTRUCTURE INTEND TO EXERCISE OPTION TO BUY A FURTHER 14.9 PCT OF CLYDE WINDFARM

* SSE SAYS THE STAKE EQUATES TO 77.8 MEGAWATTS AND THE OPTION IS EXERCISED FOR 202 MILLION POUNDS ($274 MILLION) BEFORE COSTS

* THE FURTHER PURCHASE OF THE FURTHER CLYDE SHAREHOLDING IS EXPECTED TO BE COMPLETED ON 20 MAY 2019

* ONCE THIS OPTION IS EXERCISED, SSE’S SHARE IN CLYDE IS REDUCED TO 50.1 PCT, WHILE GREENCOAT UK WIND AND GLIL WILL HAVE THE REMAINING 49.9 PCT Further company coverage: ($1 = 0.7372 pounds) (Reporting By Sabina Zawadzki)

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