SSE increases renewable energy output by 60%

SSE has seen its renewable energy output jump by 60% in its 2024 financial year’s first quarter year-on-year.

The FTSE 100-listed multinational energy firm, which is headquartered in Perth, Scotland, said that this energy output reflected a "return to more normalised weather conditions", alongside year-on-year capacity increases.

SSE added that its operational performance was in line with expectations and that its expectations for individual business units set out in its full-year results in May remain unchanged, and continue to be subject to weather, market conditions and plant availability across the key winter months to come.

With renewable output increasing, the company also saw its gas-fired generation drop in the UK by 4.5%.

Furthermore, SSE added that the delivery of its fully-funded £20.5bn NZAP Plus investment plan continues to progress, with commercial operations expected to begin on its Yellow River on shore and Dogger Bank A offshore wind farms in the first half of 2025.

Chief financial officer at SSE, Barry O’Regan, said: "We have made a solid start to the financial year as we convert our premium project pipeline into high-quality sustainable earnings.

"We remain on track to meet our 2027 growth targets that are underpinned by world-class assets and balance sheet strength, with two-thirds of revenue either regulated or already backed by existing government policy.

"The outlook is supported by the enhanced clean power target of the new UK Government which recognises the essential need for investment in renewables, flexible power and electricity networks - areas where SSE has unrivalled capability and significant growth potential."



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