SSE Cuts Its Investment Expectations by £3 Billion

SSE Cuts Renewable Goals, Spending in Blow to UK 2030 Target

(Bloomberg) — SSE Plc cut its five-year spending plan by £3 billion ($4 billion) and rowed back plans for renewables growth as planning delays stymie projects.

SSE cuts its investment expectations by £3 billion

British utility SSE has today cut its five-year investment plans by £3 billion, citing a changing macroeconomic environment across the energy sector.

SSE Cuts Spending Plan by £3 Billion Amid Slowing Growth

SSE Plc cut its five-year spending plan by £3 billion ($4 billion) as projects slow amid planning delays.

SSE reports record profits but cuts £3 billion from investment plan – Scottish Business News

SSE plc has reported a strong set of financial results for the year ending 31 March 2025, underscoring its pivotal role in the UK’s energy transition. The company posted an adjusted operating profit of £2.42 billion and adjusted earnings per share of 160.9 pence, meeting its previously stated guidance. The Board has recommended a full-year dividend of 64.2 pence per share, a 7% increase that highlights SSE’s ongoing commitment to rewarding share…

SSE cuts investment and warns it won’t meet 2030 net zero goal

SSE, one of the UK’s biggest energy companies has said it is unlikely to meet its 2030 renewable goal in the latest blow to the government’s net zero plans. SSE said it decided to cut capital investment by as much as £3bn over the next five years, citing macroeconomic uncertainty and planning obstacles. The Perth-based firm said the move meant it was now set to fall short of its target of having 50 terawatt-hours of renewable generation output b…