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SSE Five-Year Spending Program Cut

Sector: Energy • Location: United Kingdom

Source: Bloomberg

Project
Planned

SSE Plc has cut its five-year spending program by £3 billion due to planning delays affecting renewable energy projects. The investment program now totals about £17.5 billion. The company has also reduced its forecast for renewables growth and booked impairments on clean-energy projects in southern Europe due to slower build-out caused by sector-wide delays in permitting and grid connections. SSE

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The project “SSE Five-Year Spending Program Cut” is an infrastructure initiative in the Energy sector, located in United Kingdom. Taiyo aggregates data on it from Bloomberg.

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planned

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Description

Description

SSE Plc has cut its five-year spending program by £3 billion due to planning delays affecting renewable energy projects. The investment program now totals about £17.5 billion. The company has also reduced its forecast for renewables growth and booked impairments on clean-energy projects in southern Europe due to slower build-out caused by sector-wide delays in permitting and grid connections. SSE plans to deliver about 7 gigawatts of installed renewables capacity by 2027, down 2 gigawatts from previous forecasts, and is unlikely to meet its goal of 50 terawatt-hours of renewable output by the end of the decade.

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High

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100%

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