SSE PLC Response to media speculation (2261M)
20 Septiembre 2021 - 01:00AM
UK Regulatory
TIDMSSE
RNS Number : 2261M
SSE PLC
20 September 2021
SSE plc
RESPONSE TO MEDIA SPECULATION
20 September 2021
SSE plc notes recent media speculation regarding plans to split
the SSE Group.
As outlined in May, SSE will provide an update on its plans to
further accelerate growth in its portfolio with its Half Year
Results in November, including details of significantly increased
capital investment for the period to 2026, sources of funding and
the company's vision for further growth into the 2030s. This will
include ambitions for installed renewable and flexible capacity, as
well as networks RAV projections.
Following recent reshaping of the group, SSE's clear strategic
focus is on renewables and regulated electricity networks,
supported by carefully chosen businesses. SSE's businesses have
exciting growth potential aligned with net zero targets and share
common capabilities in the development, construction, financing,
and operation of low-carbon electricity infrastructure. SSE is
currently building more offshore wind than any company in the
world, expanding internationally, and investing in the low-carbon
electricity infrastructure that society needs.
There has been no decision to break up the SSE Group. The Board
remains fully focused on strategic choices which will drive
shareholder value from the wealth of net zero opportunities the
Company is creating.
Alistair Phillips-Davies, Chief Executive of SSE, said:
"We have been making excellent progress with our clear net
zero-aligned strategy, centred on electricity networks, renewables
and other carefully chosen businesses that help provide the
low-carbon electricity infrastructure that government and wider
society requires. SSE is the UK's national low-carbon energy
champion, delivering for both our shareholders and society and we
look forward to updating investors on our plans to accelerate
growth and create value in due course."
ENDS
Contact:
Media: media@sse.com | +44 (0)345 0760 530 ; MHP Communications:
Sam Peacock, Glenn Barber, Lee-Ann Fullerton Oliver Hughes and Simon Hockridge
07885 224 532 / 07709 496 125
Investors: ir@sse.com | +44 (0)345 0760 530
Sally Fairbairn, Michael Livingston
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END
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