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 [...]
SSE: Scottish developer confirms it will build the biggest wind farm in the North Sea ENERGY London-listed developer SSE and its joint venture partner APG have confirmed they will move forwards with a project to build what will become the biggest offshore wind farm in the North Sea.
SSE profit and earnings per share drop despite Dogger Bank launch energy Scottish Energy giant SSE saw its operating profit and earnings per share fall within its guidance in its full year results.
Stormy weather hits SSE’s output and delays construction of world’s largest wind farm February 8, 2024 Dogger Bank A could face delays until 2025 though SSE is confident the returns on the project won't be affected.
Ofgem hits SSE with £9.78m fine after securing ‘excessive’ payments which raised costs for customers July 25, 2023 Ofgem has made a final decision to impose a hefty £9.78m financial penalty on SSE for securing excessive payments from ESO.
SSE reiterates earnings target despite waning wind generation July 20, 2023 Electricity output from renewables has lagged behind SSE's expectations this year, with generation lessened by poor weather conditions.
Bosses from Natwest, Shell and Sainsbury’s join PM’s new taskforce to boost growth July 18, 2023 Top bosses from firms including Barclays, Aviva and Shell have joined the Prime Minister’s new business council aimed at supercharging the UK’s growth. Prime Minister Rishi Sunak will chair the first business council meeting at No10 today, followed by a glitzy reception for scores of industry bigwigs to celebrate UK enterprise. CEOs including Alison Rose [...]
Ofgem slaps SSE with £10m fine for overcharging National Grid June 6, 2023 Energy giant SSE is to pay a £9.8m penalty after breaching its generation licence, the industry regulator has announced.
SSE profits soar in line with energy prices as windfall tax expansion looms November 16, 2022 Energy giant SSE reported a 221 per cent surge in pre-tax profits for the first half of the year today on the back of spike in gas and electricity prices this year.
Suppliers fear revenue cap could deter investment and risk supply security October 12, 2022 The Government's decision to cap revenues from renewables generators risks deterring investment into the UK warned energy energy firms.