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June 17, 2020

SSE announces £7bn low-carbon investment for Covid-19 recovery

By JP Casey

British electricity network SSE has announced plans to invest £7bn into low-carbon energy sources over the next five years as the UK power sector looks to recover from the Covid-19 pandemic.

The company aims to invest in a number of large-scale projects to help electrify the UK energy mix in the wake of the pandemic, such as the £580m Viking onshore wind farm on Shetland and the £3bn Seagreen 1 offshore wind farm, a joint venture with Total that is set to be Scotland’s largest offshore wind farm, with a capacity of 1,075 MW.

These collaborations will see an additional £13bn invested into the UK and Ireland by 2025, bringing SSE’s total contribution to UK clean power up to around £20bn. In addition, these projects will create around 800 new jobs and “support thousands more in the supply chain”, according to SSE.

Read more about the SSE plans here.

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