SSE Renewables

Labour has doubled renewable project approvals since taking office, and many schemes have secured grid connection dates before 2030, but progress from approval to operation remains slow. Experts warn current pace and real-world risks make the government’s 95% zero‑carbon electricity target by 2030 unlikely, with some forecasts pushing full delivery to 2035. Developers such as SSE say the 2030 target is crucial to unlock multibillion‑pound investment, while consultants highlight substantial benefits for consumer bills and emissions even if the exact target is missed. » Mere på theguardian.com

Ofgem has provisionally approved 16 long-duration electricity storage projects across Great Britain, including three pumped storage hydro schemes in Northern Scotland: SSE’s Coire Glas, Statera Energy’s Loch Kemp and Gilkes Energy’s Earba. These would be the first new pumped storage plants in the UK since 1984 and aim to bolster grid flexibility alongside other technologies such as compressed air, lithium-ion and vanadium redox flow batteries. The projects are intended to improve energy security and reduce reliance on imported fossil fuels by storing and releasing power when renewable output is low. » Mere på theguardian.com

SSE reported earnings per share of £1.535 for Q2 2026, beating forecasts. The company recommended a 7% increase in the dividend and made record investments of £3.6bn, with sharply higher spending on transmission networks. The stock dipped slightly in early trading as lower returns in the distribution business and market volatility were seen as offsetting risks. For 2027 SSE expects EPS of £1.68–£1.93 and targets annual earnings growth of 10–13% through 2030. » Mere på de.investing.com

SSE won a 20‑year contract in the seventh UK CfD auction round for 1,380 MW from phase B of the Berwick Bank offshore wind farm. The capacity carries a guaranteed strike price of £89.49/MWh (base 2024), which will be adjusted annually to the Consumer Price Index. The company is targeting a final investment decision in 2027; the full project is expected to reach about 4.1 GW in three phases, with the remaining phases available for future auctions. » Mere på de.investing.com

SSE Renewables has secured approval from the Scottish government to build the Berwick Bank offshore wind farm, which could power every household in Scotland twice over. The project faces criticism from conservation groups over its potential impact on seabird populations, but the government requires a detailed seabird compensation plan before proceeding. The development is expected to create thousands of jobs and significantly boost Scotland's renewable energy capacity. » Mere på yahoo.com