SSE plc (LSE:SSE) has reported a strong operational start to the year in its Networks division, even as renewable energy output was hampered by adverse weather conditions. In its Q1 Trading Statement, the company reaffirmed its financial guidance and continued to make headway on its ambitious £17.5 billion capital investment programme through 2027.
Key regulatory and project milestones have been reached, including government confirmation of a unified national electricity pricing system and Ofgem’s draft determination supporting future transmission investments. These developments provide greater regulatory clarity and underpin SSE’s long-term growth ambitions.
Major strategic moves during the quarter include the approval of the Skye Reinforcement project and progress on the new Platin power station, both critical to enhancing grid resilience and expanding the UK’s clean energy capacity. While operational momentum and strategic clarity support a positive trajectory, mixed financial metrics and cash flow pressures introduce some near-term caution.
About SSE plc
SSE is one of the UK’s leading energy infrastructure firms, with core operations in electricity transmission, distribution, and renewable energy generation. The company is heavily invested in driving the UK’s transition to net zero, with a focus on scaling its renewables portfolio and modernizing the energy network to meet future demand.
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