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SSE PLC

  • SSE cuts investment and warns it won’t meet 2030 net zero goal

    Energy

    SSE, one of the UK’s biggest energy companies has said it is unlikely to meet its 2030 renewable goal in the latest blow to the government’s net zero plans. SSE said it decided to cut capital investment by as much as £3bn over the next five years, citing macroeconomic uncertainty and planning obstacles. The Perth-based [...]

    Banks are reluctant to finance offshore wind projects according to a new report
  • Scottish wind lifts SSE’s profit as boss says he will step down

    Energy

    London-listed energy giant SSE delivered a substantial increase in pretax profit as boss Alistair Phillips-Davies, said he would stand down next year after more than 11 years at the helm. In the six months to September, SSE’s adjusted pretax profit rose 26 per cent, climbing to £714.5m up from £565.2m in the same period last [...]

    Ofgem takes steps to improve flexibility of electricity use

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