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According to a report from the OE website on May 26, British renewable energy power generation and network operator SSE said on Wednesday that it will invest 7.
After the company sold its home energy supply and service division to OVO Energy at a price of 500 million pounds in early 2020, it shifted its focus to renewable energy power generation and networks.
SSE is building the world's largest offshore wind farm, Dogger Bank, on the coast of the UK with Equinor.
The company also said on Wednesday that it expects to sell its stake in Scotia Gas Networks (SGN) by the end of this year, and the disposal process will begin in the middle of this year.
SSE announced on Wednesday that for the fiscal year ending March 31, adjusted operating profit increased by 1% to 1.
SSE said that the impact of the coronavirus has caused a loss of 170 million pounds in profits this fiscal year due to measures to limit the spread of the epidemic that have affected energy demand.
The company did not provide any guidance on dividends for the full year of 2021/22, but said it would maintain a five-year dividend plan until March 2023.
Hao Fen translated from OE
The original text is as follows:
SSE to Invest $10.
British renewable power generator and network operator SSE Plc said on Wednesday it is on track to invest 7.
The company turned its focus to renewable power generation and networks after selling its household energy supply and services arm to OVO Energy at the beginning of 2020 in a deal worth 500 million pounds.
SSE is building the world's largest offshore wind farm, Dogger Bank, off the coast of Britain with Norway's Equinor, with both companies selling a 10% to oil firm ENI earlier this year while retaining a 40% stake each.
The company on Wednesday also said it expects to sell its stake in Scotia Gas Networks (SGN) by the end of the year with the disposal process beginning during mid-summer 2021.
SSE on Wednesday reported a 1% rise in adjusted operating profit to 1.
The impact of coronavirus led to a 170 million pound hit to profits for the financial year, as measures to limit the spread of the virus hit energy demand, SSE said.
It did not give any guidance for the 2021/22 full year but said would maintain its five-year dividend plan to March 2023.
