Energy company SSE (LON: SSE) doubled down on its outlook for the year even as poor weather conditions and delays to a wind farm hit power production at the company’s renewables arm.
The chief executives of Shell and SSE have been named as two of the 14 members of Rishi Sunak’s business council.
SSE’s team in Aberdeen are road testing First Hydrogen’s new hydrogen-powered van, the first UK utility to do so.
Ofgem has issued a fine of nearly £10 million to SSE Generation after an investigation found it solicited ‘excessive’ payments for reducing output from its Foyers hydro scheme.
SSE (LON:SSE) saw its thermal division – the utilities firm’s gas-fired power plant arm – triple its profits during 2022 as it brought on new generation and enjoyed higher power prices.
British power generator SSE will expand its green spending plan to £40 billion ($49.9 billion) over the next decade after earnings almost doubled last year.
The surge in wholesale electricity prices last year forced UK consumers to pay more than double the amount for power than they did before the crisis, according to a study by University College London.
SSE is set to pledge £100 million to Britain’s biggest pumped hydro storage scheme in four decades.
The generator of a large wind turbine north of St Cyrus caught fire.
SSE has warned it will review renewables investments following the UK Government’s bombshell windfall tax announcement last week.
SSE shares edged down after the UK power generator said its major wind farm development would be delayed by months until the summer.
Workers were forced to evacuate from a transformer platform in the giant £3billion Seagreen wind farm 27 miles off Scotland’s Angus coastline, following an escape of “the most potent greenhouse gas” in the world.
The first 100km of a new subsea cable linking Shetland with the UK’s mainland grid has been successfully installed following a four-month campaign.
Renewable energy generators have hit out at a new UK Government bill which they said would impose a “windfall tax” on the sector and “skew investment towards fossil fuels”.
Figures from the energy industry have added their voice to mourners around the world following the death of the Queen.
Mitsubishi Heavy Industries (MHI) has secured an engineering and design contract for a gas power and CO2 capture plant planned at Peterhead.
The foundations of the SSE (LON: SSE) Seagreen project are set to begin their journey from the Port of Nigg to the wind farm off Angus.
Stunning footage has been captured of whales making a surprise visit to turbine technicians at a North Sea wind farm.
The energy group reported strong quarterly performance and said it expects to generate first power from its Seagreen offshore wind farm by the end of this month.
Shares in UK utilities climbed after the government said it wouldn’t extend a windfall tax to power generators.
The UK plans to announce in the coming days whether it will extend a windfall tax to electricity generators -- a difficult task as the government tries to help consumers struggling with inflation while also supporting renewable energy.
Renewco Power has set its sights on US expansion with the acquisition of 1.5GW pipeline of solar projects and 500MW of battery storage projects from Virginia-based Beaufort Rosemary.
Viaro Energy has appointed Steve Jenkins as its non-executive chairman, following the departure of Roger Tucker.
A windfall tax on electricity generators making “extraordinary profits” is still an option, UK Chancellor of the Exchequer Rishi Sunak said Thursday after slapping a similar levy on oil and gas companies.
SSE reported a near 50% jump in full-year profits last year, as it accelerates plans to invest £24 billion in renewables and energy transition projects and hire 1,000 people per year across the UK.