SSE to invest £40bn in low carbon infrastructure

SSE aims to invest up to £40bn in ramping up renewable energy in the UK over the next decade after reporting adjusted pre-tax profits close to £2.2bn in the year to March.

The company claims its commitment to building new network infrastructure will create more than 1,000 new green jobs every year.

The plan comes as SSE publishes its financial results for full-year 2022/23, reporting a ‘record investment’ of £2.8bn for the year – over 50% more than its £1.8bn adjusted profit after tax in the same period – as the company builds out critical energy projects including the world’s largest offshore wind farm at Dogger Bank.

The results reveal adjusted earnings per share increasing 75% year-on-year to 166p, in line with pre-close guidance, supported by a strong performance from the Group’s flexible generation and gas storage assets.

… to continue reading this article and more, please login, register for free, or consider subscribing to H2 View

Register today

Paywall Asset Header Graphic

You’ve reached your weekly limit to access free articles!

Want to keep reading?

Please register for free and create a profile to gain access to this full article and H2 View’s daily news.

For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other H2 View archive, please consider subscribing.

Alternatively you can continue reading more articles as a guest on Friday, 9th June at 7:02PM

Please wait...