SSE, Simec and Iberdrola among winners from the UK's latest renewable energy auction
Many of the project winners’ share prices were up this morning
Company
LON:SSE
SSE PLC, formerly Scottish and Southern Energy PLC, is a holding company. The company is involved in the generation, transmission, distribution and supply of electricity; the production, storage, distribution and supply of gas, and the provision of other energy-related services.
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Many of the project winners’ share prices were up this morning
Believe it or not, renewables undercut gas on price, making them cheaper than any other power source, and they’re coming for your market share
The energy supplier said the deal forms part of its Net Zero Acceleration Programme to invest £12.5bn in the UK electricity infrastructure by 2026
Differences might delay package of measures to alleviate soaring fuel and household costs
The former Scottish and Southern Energy invested a record £2.1bn in the past year and expects to up capital expenditure and investment to at least £2.5bn this time
Treasury officials have been asked to work out plans for a windfall tax on more than £10bn of excess profits to all electricity generators
The acquisition marks SSE's entry into Southern Europe
The company said it included “a number of attractive options to support accelerated electrification of the economy
“SSE is well-positioned to benefit from any long-term acceleration of energy transition"
National Grid said the capacity market auction was completed at a record high of £75 per kW per year
The power company expects to report full-year adjusted earnings per share of at least 90p, up from its previous guidance of 83p
Dogger Bank C has a capacity of 1,200MW and will generate enough to supply 5% of the UK's demand
SSEN Distribution provides electricity to over 4.1 million homes and businesses in Scotland and also Central Southern England
The investment marks a major acceleration said the power generator to the equivalent of £7mln per day
Once the three phases are complete, which is expected by March 2026, Dogger Bank will generate enough renewable electricity to supply 5% of the UK's demand
A portion of the appeal was upheld by the CMA, with the outperformance wedge based on past performance scrapped
The investigations will examine whether either of the companies failed to comply with the requirements of condition 20A of the Electricity Generation Standard Licence Conditions
SSE Renewables will buy 80% of an offshore wind development platform from local developer Pacifico Energy for US$208mln
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A look at Monday's major share movers in the London market
Papers have been predicting a separation of its three segments after activist hedge fund Elliott Management built up a stake