U.K. energy company SSE has plans to invest £12.5 billion (€14.8 billion/$16.8 billion) during the five years to 2026 in net-zero infrastructure under its Net Zero Acceleration Program. It is a 65 percent uplift on previous plan.
The company, which is currently building more offshore wind than anyone in the world including the world’s largest offshore wind farm at Dogger Bank, and owns and operates three of Britain’s electricity networks, will increase its capital investment by two-thirds — £1 billion (€1.2 billion/$1.35 billion) more annually — to support the global push to decarbonize.
The new program will see SSE enable delivery of more than a quarter of the United Kingdom’s 40-gigawatt offshore wind target by 2030 and more than 20 percent of the necessary upcoming electricity networks investment in the United Kingdom, as well as continuing its international expansion.
