£300m Great British Energy Supply Chain Fund: Offshore Wind and Networks
We are pleased to share important updates to our £300m Great British Energy Supply Chain Fund: Offsh...
02
Oct
SSE expects renewable generation output to be around 20% higher year-on-year, reflecting more favourable weather conditions and capacity growth.
The company said in a trading update that delivery at Dogger Bank offshore wind farm continues to progress well and in line with expectations, with turbine installation on Dogger Bank B beyond the half-way point.
The majority of the increase has been delivered in Transmission, where progress continues to accelerate across 11 major projects.
Interim adjusted Earnings Per Share is expected to be between 64 and 68 pence, reflecting a lower level of seasonality compared with prior years as an increasing proportion of earnings is generated from regulated networks.
For the full year, financial expectations for each Business Unit are unchanged and remain subject to weather, market conditions and plant availability, with the key winter months still to come.
The group remains on track to deliver adjusted Earnings Per Share of between 168 – 193p for 2026/27 and between 225 – 250p for 2029/30.
Capital investment for the group is expected to be around £2.5bn for the half-year, with adjusted net debt and hybrid capital expected to be around £11.5bn.
Source: https://www.renews.biz/offshore-wind/sse-renewables-output-set-for-20-surge/
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