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SSE plc is consolidating the development, operation and ownership of its renewable energy assets in the UK and Ireland under a single entity.
Scottish utility SSE plc is taking full ownership of the 1.5GW Seagreen offshore wind projects under development by Seagreen Wind Energy Limited, in which it currently has a 50% share.
The UK Competition and Markets Authority (CMA) has dismissed an appeal by SSE and EDF Energy against Ofgem’s decision to reject their request to modify industry rules.
SSE informed that it expects its 2017/2018 capital and investment expenditure to be around GBP 1.6 billion, instead of previously anticipated GBP 1.7 billion. From 1 April to 31 December 2017, SSE’s capital spend totalled GBP 1.1 billion and has included, among other things, around GBP 355 million investment in on- and offshore wind.