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. » More on 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. » More on 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. » More on de.investing.com