SSE to triple renewable electricity output by 2030. FTSE 100 group upbeat despite hit from pandemic-induced fall in British energy demand. SSE has pledged to continue investing in schemes such as new offshore wind farms and has not drawn on any UK government job or loan schemes during the pandemic.
FT 18th Nov 2020 read more »
SSE has set out plans to triple its renewable energy generation by 2030 as it prepares to build the world’s largest offshore windfarm off the north-east coast of England. The energy firm told investors that it was days away from a final investment decision on the 3.2GW Dogger Bank offshore windfarm, which could generate enough clean electricity to power 4.5m homes by 2026. SSE holds a 50% stake in the North Sea project, alongside Norway’s state oil company Equinor, and a 49% stake in Scotland’s largest offshore windfarm, Seagreen in the Firth of Forth, in partnership with the French oil company Total. The Dogger Bank project is part of SSE’s plan to invest about £7.5bn on clean energy in the UK, which would help triple the company’s existing renewable energy capacity.
Guardian 18th Nov 2020 read more »
Times 19th Nov 2020 read more »