United Utilities sells energy business for £100m

United Utilities has agreed to sell its renewable energy business to SDCL Energy Efficiency Income Trust for approximately £100 million. The company announced its intention to sell off United Utilities Renewable Energy (UURE) in May last year, at which point it was valued at £65.5 million. UURE comprises 69 MW of renewable generation assets including solar, wind and hydro across 70 sites that UU has developed since 2014.

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