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Market: LSE
Sector: Utilities
EPIC: SSE
Latest Price: 1,255.00p  (0.28% Ascending)
52-week High: 1,430.00p
52-week Low: 1,161.00p
Market Cap: 11,777.02M
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Scottish & Southern Energy
www.scottish-southern.co.uk

Scottish and Southern Energy is one of the largest energy companies in the UK,  involved in the generation, transmission, distribution and supply of electricity; energy trading; the storage, distribution and supply of gas; electrical and utility contracting; and telecoms.

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Scottish and Southern Energy awarded wave and tidal energy rights from Crown Estate

16th Mar 2010, 3:39 pm Scottish and Southern Energy awarded wave and tidal energy rights from Crown Estate

Scottish and Southern Energy’s (LSE: SSE) Renewables unit has been awarded exclusive rights to develop a combined 800MW of wave and tidal energy in the Pentland Firth and Orkney Waters, North Scotland. The company was awarded four of the ten lease rights tendered by The Crown Estate in the world’s first commercial leasing programme for wave and tidal energy generation.

"SSE is committed to building on its existing renewable portfolio by developing viable wave and tidal sites using industry-leading marine technologies”, SSE Renewables chief executive Paul Dowling commented.

SSE has been awarded two projects which it will develop itself, totalling 400MW: The Costa Head wave project and the Westray South tidal stream project. It is also undertaking two separate joint developments also totalling 400MW. The Brough Head wave project will be developed in partnership with Aquamarine and the Cantick Head tidal stream project is being developed with OpenHydro.

The company and its partners will be working closely with The Crown Estate and other stakeholders over the next few years, bringing forward applications to construct the wave and tidal energy developments.

According to SSE, the vast majority of the construction work is not expected to begin until after 2015.

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