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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  SSE plc    SSE   GB0007908733

SSE PLC

(SSE)
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SSE Reaches Financial Close on First Two Phases of UK Wind Farm Project

11/26/2020 | 02:36am EST

By Anthony O. Goriainoff

SSE PLC said Thursday that it and its joint venture partner Equinor ASA have reached financial close on the first two phases of the Dogger Bank Wind Farm project off the north coast of England.

The FTSE 100 energy networks and power generation group said that total investment in the first two phases of the project will be around 6 billion pounds ($8.03 billion). SSE added that the expected equity investment forms part of its GBP7.5 billion investment program to March 2025.

The company said that once all three phases are complete in March 2026, Dogger Bank will be the largest offshore wind farm in the world.

The wind farm will produce enough clean, renewable electricity to supply 5% of the U.K.'s demand, equivalent to powering 6 million homes, the company said.

"This investment will help drive a green recovery from coronavirus through the project's construction over the next five years, creating jobs and boosting the local economy," the company said.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

11-26-20 0236ET

Stocks mentioned in the article
ChangeLast1st jan.
EQUINOR ASA -0.22% 155.65 Real-time Quote.7.62%
MSCI UNITED KINGDOM (STRD, UHD) -1.50% 1053.257 Real-time Quote.3.71%
SSE PLC 0.20% 1470.5 Delayed Quote.-2.27%
WTI 0.43% 52.66 Delayed Quote.9.49%
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Financials
Sales 2021 6 842 M 9 340 M 9 340 M
Net income 2021 1 072 M 1 463 M 1 463 M
Net Debt 2021 9 010 M 12 300 M 12 300 M
P/E ratio 2021 18,8x
Yield 2021 5,53%
Capitalization 15 166 M 20 783 M 20 703 M
EV / Sales 2021 3,53x
EV / Sales 2022 3,45x
Nbr of Employees 11 676
Free-Float 99,1%
Chart SSE PLC
Duration : Period :
SSE plc Technical Analysis Chart | SSE | GB0007908733 | MarketScreener
Technical analysis trends SSE PLC
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 1 625,43 GBX
Last Close Price 1 466,00 GBX
Spread / Highest target 29,6%
Spread / Average Target 10,9%
Spread / Lowest Target -18,5%
EPS Revisions
Managers and Directors
NameTitle
Alistair Phillips-Davies Chief Executive Officer & Executive Director
Richard D. Gillingwater Chairman
Gregor Alexander Finance Director & Executive Director
Martin Pibworth Director & Director-Group Energy & Commercial
Sue Bruce Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SSE PLC-2.27%20 783
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ORSTED A/S-6.71%79 280
DUKE ENERGY CORPORATION0.16%67 495