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    SSE   GB0007908733

SSE PLC

(SSE)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/21 08:47:24 am
1566.5 GBX   -1.20%
01/19SSE : acquires its first 30MW solar project in its role as the UK's clean energy champion
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01/18Today on Wall Street: Changes
01/18HSBC Downgrades SSE To Hold From Buy, Lowers PT
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SSE : Powering progress through energy markets

11/26/2021 | 03:50am EST

As the UK's clean energy champion, SSE is set to increase its renewable generation capacity fivefold over the next decade, driving the transition to a net zero future. Right now, SSE Renewables is partnering with Equinor and Eni to build the world's largest offshore wind farm at Dogger Bank. This record-breaking wind farm was proudly on display at COP26 last month, as thousands of people signed up to have their names emblazoned on one of its 260-metre turbines, pledging to power change.

In SSE's Energy Portfolio Management (EPM) team, we're playing our own part by bringing renewable energy from wind farms like Dogger Bank to the power market. Just this week we marked a major milestone with a new power purchase agreement (PPA) for 20% of the electricity generated by the latest phase of the project, Dogger Bank C, which is due to become fully operational in 2026. Combined with our existing PPAs for Dogger Bank A and B, this means SSE will offtake a massive 720MW from the world's largest offshore wind farm, playing a significant role in the decarbonisation of the UK's energy system.

These contracts for Dogger Bank, and the recent agreement to offtake 50% from Scotland's 1,075MW Seagreen project, will bring our EPM team's total wind power portfolio to 13TWh a year by the middle of this decade. Our ability to manage this increasing portfolio is testament to the expertise and experience across our team, and our continued commitment to investing in cutting-edge wind forecasting and balancing capabilities.

Our vision is to be the industry leader in creating value through energy markets in a net zero world. We are currently extending our capacity to provide energy market access and services to third party generators, helping other organisations with their net zero journeys.

As the energy transition continues to ramp up, with further volatility predicted in energy markets, we will continue to build on our capabilities, delivering route-to-market services for the UK's world-leading wind farms, while supporting SSE's plans to accelerate the net zero transition.

Disclaimer

SSE plc published this content on 26 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 08:49:03 UTC.


ę Publicnow 2021
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Financials
Sales 2022 7 221 M 9 798 M 9 798 M
Net income 2022 1 127 M 1 529 M 1 529 M
Net Debt 2022 8 560 M 11 615 M 11 615 M
P/E ratio 2022 18,4x
Yield 2022 5,29%
Capitalization 16 777 M 22 898 M 22 765 M
EV / Sales 2022 3,51x
EV / Sales 2023 3,44x
Nbr of Employees 11 865
Free-Float 99,8%
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 1 585,50 GBX
Average target price 1 769,84 GBX
Spread / Average Target 11,6%
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Managers and Directors
Alistair Phillips-Davies Chief Executive Officer & Executive Director
Gregor Alexander Finance Director & Executive Director
John Alexander Manzoni Chairman
Sue Bruce Independent Non-Executive Director
Peter John Lynas Independent Non-Executive Director
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