Scottish utility SSE Plc is planning an expansion of its renewable power business to compete globally for the growing market for massive wind farms. “I’d like to see us become a global supermajor,” Jim Smith, managing director of SSE Renewables, said by phone. “Who wouldn’t if they were running our business?” While it’s become one of the biggest developers in the U.K., the largest market for offshore wind farms, SSE has been slow to branch out of its home territory. With construction set to begin on a number of developments, the company is eyeing growth in a space where seasoned competitors like Denmark’s Orsted A/S and Spain’s Iberdrola SA are already duking it out for market share. SSE plans to expand its wind business into two more markets within the next five years, Smith said. It’s looking at opportunities in northern Europe, the U.S. and Japan, he said.
Bloomberg 20th July 2020 read more »