As well as contributing part of the seed portfolio, SSE has committed to subscribe for up to 43 million ordinary shares.

Greencoat, a venture capital firm founded by Ireland-based utility ESB, plans to raise £205m ($300m) by floating a wind-focused fund on the London Stock Exchange.

Greencoat UK Wind said it had the option to increase the size of the flotation by up to £55m and would be fully invested from launch as it has signed agreements to acquire a seed portfolio of operational UK wind farms from two energy utilities: RWE and SSE. 

As well as contributing part of the…