SSE blows its own trumpet

Gas and electricity group SSE has announced that it now has over one gigawatt (GW) or one thousand megawatts (MW) of onshore wind farm capacity in operation for the first time.

The milestone comes as a result of the continuing progress in the construction of its large capital projects.

The good progress which has been made means that more than 300MW of onshore wind farm capacity has been commissioned by SSE in the first nine months of this financial year. SSE's onshore wind farm capacity has increased from just 40MW six years ago, and now exceeds its conventional hydro electric capacity of 1,150MW for the first time.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Ian Marchant, SSE's Chief Executive, said: "The safe and timely delivery of new assets is a key priority for SSE and passing the one gigawatt milestone for onshore wind farm capacity is a very positive development as we start the New Year.

"With construction work continuing at sites in Scotland, Northern Ireland and the Republic of Ireland, we expect that our operating onshore wind farm capacity will continue to grow significantly in the coming months."

The share price fell despite the good news, dropping 0.85% to 1,280p by 13:40.

NR