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SSE puts its money where its mouth is

By: Tom Russell 17/06/2020 SSE

General Windfarms

SSE has outlined plans for over £7 billion of low-carbon investments in the UK and Ireland over the next five years.

The company confirmed today that its has made the final investment decision for the 103-turbine Viking onshore wind farm on Shetland. It is also building the Seagreen offshore wind project with Total. The two projects combined represent almost £4 billion of investment in renewables and enough clean electricity to power more than a million homes.

At the same time, its transmission business has a plan for a minimum £2.4 billion of investment in near shovel-ready projects, which will help meet net zero.

The company has also set new series of carbon targets, aligned to the 2016 Paris Agreement, and validated by the Science Based Target initiative, which will it strive to cut emissions further and faster. 

Alistair Phillips-Davies, Chief Executive, stated: "We want to do more. We’re a UK-listed business that’s been investing in renewable energy since we brought hydro power to Scotland over 80 years ago. We’re accredited with the Fair Tax Mark and the Living Wage because we recognise we have a responsibility to society – and that includes repaying pensioners and savers with dividends. We’ve not furloughed any employees nor accessed government financing. Building a clean, resilient economy is what we’re all about.

"As the Prime Minister and the Chancellor turn their attention to the green recovery and the economic stimulus it may require in the coming weeks, our message is that we’re here to help and we stand ready to invest billions of private capital in the coming years in projects, providing jobs and regenerating communities without relying on public funding.

"We’re putting our money where our mouth is. And with long-term vision from Government, we can make the green recovery a reality."

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SSE puts its money where its mouth is

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