SSE PLC (LSE:SSE) has warned of a delay which will see the first phase of the world’s largest offshore wind farm completed later than expected.
Dogger Bank A is now set to be finished in the latter half of next year, FTSE 100-listed SSE said on Thursday, against previous expectations for early 2025.
Project returns will not be “materially impacted” however, according to SSE.
Dogger Bank A, around 80 miles off the northeast coast of England, is set to provide the equivalent amount of energy for 2 million homes at 1.2 gigawatts.
It will eventually form part of a larger wind farm in the area, which will be the world’s biggest, capable of powering some 6 million homes.
SSE also updated that it expected interim adjusted earnings per share to sit above 45p, as the company’s renewables generated more power than a year earlier in line with expectations.
Some 5.3 terawatt-hours worth of power was produced by SSE’s renewables over the six months to September, marking a 44% increase year-on-year.
The stable market conditions meant earnings from SSE’s flexible thermal and gas storage businesses were limited in the first half, the company added, though these were still anticipated to generate operating profits of £200 million over the full year.
Shares climbed 1.9% on Thursday.