SSE, considered one of the UK’s ‘Big Six’ utilities, says it expects its capital expenditures to top £1.5bn ($2.4bn) this fiscal year – half of which will be spent on renewables.
In an interim financial statement, the company says it expects to see “moderate” earnings growth this year, with its full-year adjusted pre-tax profit likely to be up around 5%.
SSE, which claims it is on course to secure funding of around £400m from the European Investment Bank later this year, continues to plough money into large-scale wind and hydro schemes across the UK.
Its
