Southeastern Europe has plans to triple its renewable energy generation by 2030 as it prepares to build the world’s largest offshore wind farm off the north-east coast of England.
The energy company told investors it was days away from making a final investment decision on the third. 2GW Dogger Bank offshore wind farm, which can generate enough clean electricity to power 4. 5 million homes by 2026.
SSE holds a 50% stake in the North Sea project, along with the Norwegian oil company Equinor, and a 49% stake in Scotland’s largest offshore wind farm, Seagreen in the Firth of Forth, in partnership with French oil company Total.
The Dogger Bank Project is part of SSE’s plan to invest around £ 7. $ 5 billion in clean energy in the UK, which will help triple the company’s current renewable energy capacity.
The company outlined its ambitions along with the Prime Minister’s 10-point climate plan, which included the government’s current goal to build enough offshore wind farms to power every UK home by 2030.
SSE CEO Alistair Phillips Davis said Boris Johnson’s plan to « rebuild green » marks an important day for the UK as it prepares to exit the economic impact of the coronavirus pandemic.
The SSE reported its operating profit of 115 million pounds in the six months to the end of September as a result of Covid-19, and said its pre-tax adjusted earnings were down 26%, compared to the same months a year earlier, to 194 million pounds.. The full-year impact of the Coronavirus on SSE profits is expected to range between £ 150m and £ 250m. .
“As we seek to recover from the effects of the Coronavirus, investments in low-carbon infrastructure that help stimulate the economy, boost jobs and upgrade regions while tackling climate change are benefiting everyone,” said Phillips Davis.. .
“We have led from the front to a green recovery, and we have created more than 1,000 jobs through our low-carbon projects and more to come because we support our efforts to rebuild the environment in a form.. And with clear political signals from the government and the regulator, we can do more. ».
Johnson predicts that the government’s plans to invest £ 12 billion in the green economy will stimulate more than three times the spending of private investors in green innovations including renewable energy, electric vehicles, hydrogen, carbon capture and nuclear energy..
SSE’s £ 7 investment plan. The £ 5 billion amount follows a pledge from Scottish Power, which plans to invest £ 10 billion in green energy and infrastructure over the next five years.. . Other major renewable energy developers expected to invest in UK green energy plans include Danish company Orsted, Equinor and Swedish utility Wattenfal..
SSE plc, Wind Farm, Renewable Energy, Dogger Bank Wind Farm, Offshore Wind Power, Wind Turbines, 2030, Construction
World News – AU-SSE plans to double production of renewable energy by three Times by 2030
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