UK and Ireland’s clean energy champion SSE has unveiled an ambitious GBP 12.5 billion capital investment plan to accelerate progress towards net zero. The company, which is currently building more offshore wind than anyone in the world including the world’s largest offshore wind farm at Dogger Bank, and owns and operates three of Britain’s electricity networks, will increase its capital investment by two thirds to support the global push to decarbonise.The significant commitment comes just days after the curtain closed on COP26 in Glasgow. As a Principal Partner, SSE is putting its money where its mouth is on delivering tangible solutions to help deliver on the summit commitments and the UK Prime Minister’s Ten Point Plan.The new programme will see SSE enable delivery of over a quarter of the UK’s 40GW offshore wind target by 2030 and over 20% of the necessary upcoming electricity networks investment in the UK, as well as continuing its international expansion.SSE’s Net Zero Acceleration Programme will deliver, by 2026: GBP 1 billion additional capital investment per year versus previous plans A doubling of existing renewables net installed capacity to 8GW A sustainable renewables development pipeline in excess of 15GW Over 2.5 times more capital allocated to renewables growth Growth in electricity networks, increasing Regulated Asset Value to GBP 9 billion
UK and Ireland’s clean energy champion SSE has unveiled an ambitious GBP 12.5 billion capital investment plan to accelerate progress towards net zero. The company, which is currently building more offshore wind than anyone in the world including the world’s largest offshore wind farm at Dogger Bank, and owns and operates three of Britain’s electricity networks, will increase its capital investment by two thirds to support the global push to decarbonise.The significant commitment comes just days after the curtain closed on COP26 in Glasgow. As a Principal Partner, SSE is putting its money where its mouth is on delivering tangible solutions to help deliver on the summit commitments and the UK Prime Minister’s Ten Point Plan.The new programme will see SSE enable delivery of over a quarter of the UK’s 40GW offshore wind target by 2030 and over 20% of the necessary upcoming electricity networks investment in the UK, as well as continuing its international expansion.SSE’s Net Zero Acceleration Programme will deliver, by 2026: GBP 1 billion additional capital investment per year versus previous plans A doubling of existing renewables net installed capacity to 8GW A sustainable renewables development pipeline in excess of 15GW Over 2.5 times more capital allocated to renewables growth Growth in electricity networks, increasing Regulated Asset Value to GBP 9 billion
