The British energy supplier SSE (Scottish and Southern Energy) has unveiled information regarding its financial situation and its investment program in 2017-2018. The definitive figures will be published in May 2017.
The company expects its wholesale operating profit for 2016-2017 to be higher than in the previous year in spite of the lower renewable energy output and especially the wind power generation.
SSE plans an investment expenditure amount of £1.7bn (US$2.1bn) for the next financial year (2017-2018), of which 20% in renewable energies (£340m, US$421m). 45% of the capital expenditure will be allocated in electricity networks.
SSE has a capacity of 10.5 GW (as of March 2016), including 5.2 GW of gas, 2 GW of coal and 3.3 GW of renewables, mainly hydro (1.1 GW) and wind (1.7 GW). SSE has been shut down 2.5 GW of capacity since 2012, including the Ferrybridge coal/biomass power plant (1.96 GW) in March 2016.
Searching for proven generation costs?
Then CAPEX & LCOE is the database you need. The module provides exclusive insights on both Capital Expenditure and Levelised Cost of Electricity.
Make informed decisions in terms of which technologies to invest in and where. In just a few clicks, access unique, premium data on both thermal and renewable power generation costs by technology and by country. Put our detailed, reliable information to use and benchmark your project.