Budget lift of 14% will be used on investing in renewable energy and upgrading UK’s energy gridsThe boss of SSE has called on the government to take bold action to support the renewable energy industry as rising inflation across the global supply chains threaten to slow the rollout of new clean energy projects.The SSE chief executive, Alistair Phillips-Davies, told investors that the FTSE 100 utility would increase its spending by 14% to £20.5bn for its current budget in part because of a sharp rise in the costs of building windfarms and electricity grids. Continue reading…
Source link : https://www.theguardian.com/business/2023/nov/15/sse-to-increase-clean-energy-investment-after-profits-rise
Author : Jillian Ambrose Energy correspondent
Publish date : 2023-11-15 18:02:49
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SSE to increase clean energy investment by £2.5bn after profits rise
