SSE (SSE)

Sector:

Electricity Generation and Distribution

Index:

FTSE 100

1,655.00p
   
  • Change Today:
      4.50p
  • 52 Week High: 1,900.00
  • 52 Week Low: 1,508.00
  • Currency: UK Pounds
  • Shares Issued: 1,093.44m
  • Volume: 3,028,935
  • Market Cap: £18,096m
  • RiskGrade: 133

Renewable energy firms set to deliver multi-billion wind farms in UK

By Caoimhe Toman

Date: Wednesday 13 May 2020

LONDON (ShareCast) - (Sharecast News) - UK green energy companies are set to deliver multi-billion pound wind farm investments across the north-east of England and Scotland to help power the new economy through clean energy.

Scottish Power plans to reopen Scotland's oldest commercial wind farm as part of a £150m scheme to develop a clean energy cluster in central Scotland capable of supplying 100,000 homes with green electricity.

The wind farm is expected to create 600 jobs at its peak, and 280 long-term jobs.

Keith Anderson, the boss of Scottish Power, told the Guardian that the upgrade of Scotland's first commercial wind farm, Hagshaw Hill, will come alongside two separate agreements to buy two nearby development projects.

Separately, SSE and Equinor have revealed plans to use the Port of Tyne to host the operations base for the world's largest offshore wind development, which will create 200 permanent jobs.

Equinor will be constructing the facility. The joint venture partner will operate the wind farm for its expected lifetime of more than 25 years and will base its O&M teams at the centre.

Construction of the wind farm, led by SSE Renewables, began in January 2020.

Secretary of State for Business Alok Sharma said: "This new facility is fantastic news for Tyneside and the North East of England. Renewable energy is one of the UK's great success stories, providing over a third of our electricity and thousands of jobs.

"Projects like Dogger Bank will be a key part of ensuring a green and resilient economic recovery as well as reaching our target of net zero emissions by 2050."

Equinor North Sea new energy solutions senior vice president Stephen Bull said: "The UK government has legislated to cut carbon emissions to net zero by 2050.

"Major scale renewable energy projects like Dogger Bank ensures Britain's leadership as the #1 offshore wind nation. Moreover, the project brings new investment to the UK, at a challenging time for us all, and secures over 200 jobs in the region as well as new opportunities in a future-fit growth sector."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Scottish & Southern Market Data

Currency UK Pounds
Share Price 1,655.00p
Change Today 4.50p
% Change 0.27 %
52 Week High 1,900.00
52 Week Low 1,508.00
Volume 3,028,935
Shares Issued 1,093.44m
Market Cap £18,096m
RiskGrade 133

Scottish & Southern Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.05% below the market average31.05% below the market average31.05% below the market average31.05% below the market average31.05% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
10.27% below the market average10.27% below the market average10.27% below the market average10.27% below the market average10.27% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Income
40.43% above the market average40.43% above the market average40.43% above the market average40.43% above the market average40.43% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
76.05% above the market average76.05% above the market average76.05% above the market average76.05% above the market average76.05% above the market average
Sector averageSector averageSector averageSector averageSector average

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Neutral 3
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Total 16
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Paid 08-Mar-24 21-Sep-23
Amount 20.00p 67.70p

Trades for 26-Apr-2024

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16:35 625,270 @ 1,655.00p
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