ENERGY giant SSE has said it will push ahead with plans to invest £7.5 billion in low-carbon projects over the next five years, despite warning that its profits could take a £250 million hit from the coronavirus crisis. The UK energy supplier said it expects the pandemic to cost the company between £150m and £250m in the current financial year. It said the impact of the virus on its operating profit has been “in line with expectations” over the past three months. Despite forecasting the significant impact on its finances, SSE said it is “progressing” with its £7.5bn spending plan, which will see it invest in renewables and electricity networks.
The National 16th July 2020 read more »
Scotsman 16th July 2020 read more »