UK-based energy company SSE has unveiled plans to invest £12.5bn ($16.8bn) in clean energy projects by 2026 to expedite its efforts towards net-zero emissions.

Under its Net Zero Acceleration Programme, SSE plans to deliver 25% of the 40GW of offshore wind capacity that the UK aims to install by 2030.

The company will facilitate more than 20% of the required investment in the UK’s electricity network infrastructure while continuing to expand it overseas.

By 2026, SSE will deliver 8GW of installed renewable capacity and develop a renewable pipeline with more than 15GW of capacity.

The company will also deliver an additional capital investment of £1bn.

The programme will also focus on expanding the country’s electricity networks, increasing regulated asset value (RAV) to £9bn and increasing capital allocation for renewables growth.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

In addition, SSE plans to partner with other companies in the renewable segment and sell a 25% stake in its SSEN Transmission and SSEN Distribution businesses.

SSE has also set a target of increasing its renewable output fivefold by adding more than 16GW to its low-carbon generation capacity.

This will include hydrogen, batteries, carbon capture and storage technologies.

SSE chief executive Alistair Phillips-Davies said: “Our Net Zero Acceleration Programme represents the next phase of SSE’s growth and involves a substantial ramping-up of investment – equivalent to nearly £7m each day in low-carbon infrastructure – backed up by clear delivery and funding plans.

“Today’s announcement will maximise our long-term potential and capture growth opportunities during a critical time for the energy sector, creating jobs, delivering on government ambitions, and creating value for society and shareholders.”

In May, SSE announced plans to invest almost £2bn in low-carbon power projects by the end of this year as part of its £7.5bn investment plan to 2025.

The plan also involves infusing up to £2.8bn by 2026 for connecting large quantities of new renewable power and transporting it via the UK’s electricity grid.

Power Technology Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Power Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now