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 you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...