UK utility SSE has agreed to sell its quarter-stake in the 367MW Walney wind farm off England’s northwest coast as it begins a £2bn ($2.6bn) asset sell-off to help fund its renewable growth ambitions.

SSE will sell its 25.1% non-operating share for £350m to infrastructure fund Greencoat UK Wind.

The sale marks the first stage in SSE’s plans to dispose of £2bn worth of non-core assets.