Deal, if agreed by regulators, will see SSE become Ireland's third largest energy supplier
Energy provider SSE has acquired four Irish power stations and assets from utility giant Endesa in a £390 million deal.
The deal, which is subject to approval from the Irish Competition Authority, would see Perth-based SSE become Ireland's third largest energy supplier.
If the deal will see around 110 employees of Endesa Ireland Limited transfer to SSE.
Endesa, which is one of Spain's largest utility firms, is owned by Italian group Enel, which is selling off the Irish assets to offset falling demand in core Spanish and Italian markets.
Gregor Alexander, finance director of SSE, said: "The acquisition will give us substantial and diverse generation assets to help meet the energy needs of our increasing number of customers and give balance to our business in Ireland which will put it on a very strong footing for the long term.
“Making the most of the opportunities presented by our two acquisitions of recent weeks and in our existing businesses is our priority for the next few years in Ireland.”