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SSE.L - SSE plc

Discussion in 'International Stock Markets' started by Marvan, Jun 27, 2019.

  1. Marvan

    Marvan Active Member

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    SSE plc engages in the generation, transmission, distribution, and supply of electricity.

    The company operates through three segments: Wholesale, Networks, and Retail.

    It generates electricity from water, water, gas, coal, oil, and multi fuel.

    The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and also central southern England; and owns and operates 132 kilovolts (KV), 275kV, and 400kV electricity transmission network using high voltage overhead lines, and underground and subsea cables.

    It also produces, stores, distributes, and supplies gas.

    In addition, it engages in electricity and utility contracting, telecommunications, energy trading, insurance, and property holding businesses, as well as provision of corporate and maintenance services.

    The company was formerly known as Scottish and Southern Energy plc and changed its name to SSE plc in September 2011.

    SSE plc was incorporated in 1989 and is based in Perth, the United Kingdom

    http://www.sse.com
     
  2. Marvan

    Marvan Active Member

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  3. Marvan

    Marvan Active Member

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    A Network for Net Zero
    Climate change Company news Keeping the lights on Electricity networks / 27/06/2019
    [​IMG]
    SSEN Transmission has published ambitious plans for the future of the north of Scotland electricity transmission system.

    With the region home to some of the UK’s greatest resources of renewable energy, SSEN Transmission will be at the forefront of the country’s fight to tackle climate change, connecting up more renewable energy and transporting it across the country.

    There is growing consensus of the need to fully decarbonise the economy to prevent the worst effects of global warming, with the UK Government committing to achieving net zero emissions by 2050 and the Scottish Government committing to meet this target five years earlier, in 2045.
    The draft Business Plan reflects this and follows substantial consultation with national and local stakeholders as well as SSEN Transmission’s independent expert RIIO-T2 User Group.


    ‘A Network for Net Zero’ aims to support both Governments’ targets and meet the needs and expectations expressed by stakeholders through five clear, ambitious goals:

    • Transport the renewable electricity that powers 10 million homes (circa 10 GW)
    • 100% network reliability for homes and businesses
    • Every connection delivered on time
    • One third reduction in SSEN Transmission’s greenhouse gas emissions
    • £100m in efficiency savings from innovation
    Rob McDonald, Managing Director for SSEN Transmission, said the plans were a blueprint for continued investment in the flexible, safe and secure, low carbon electricity network needed to help decarbonise the economy.

    He said: “Our network already supports over 6GW of clean power but continued investment in the electricity transmission system is key to unlocking the further potential the North of Scotland can play in meeting Governments’ targets for net zero greenhouse gas emissions.

    “Our ‘Network for Net Zero’ proposal is a balanced package that makes a powerful case for the vital investment needed to deliver the clean energy transition, reflecting the ambition our stakeholders have told us they want to see, at an affordable cost to consumers, whilst also providing a fair return to investors.”

    SSEN Transmission will now consult further with stakeholders ahead of submitting a final plan to Ofgem in December as part of its RIIO T2 price control process. As part of Ofgem’s consideration of the final plan, the regulator will consult with stakeholders during 2020 before determining what level of investment should be taken forward from 2021 through to 2026.

    In the draft Plan, SSEN Transmission’s ‘Certain View’ sets out that a minimum investment of £2.2bn is required over the five-year period to maintain and grow the north of Scotland transmission network to meet the certain needs of current and future electricity generators and customers.
    A significant proportion of this investment will take place in the north east, with a particular focus on accommodating the growth in offshore wind in the area.


    It is anticipated additional investment will be required to deliver the transition to net zero, but this investment will only be released once there is certainty it is needed – protecting billpayers.

    https://sse.com/newsandviews/allarticles/2019/06/a-network-for-net-zero/
     
  4. Marvan

    Marvan Active Member

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    #4 Marvan, Jul 9, 2019
    Last edited: Jul 9, 2019
  5. Marvan

    Marvan Active Member

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  6. Marvan

    Marvan Active Member

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    Trading Update
    • Provides an overview of the performance of SSE's businesses in the first quarter of this financial year;
    • States that SSE’s outlook for the financial year 2019/20 remains unchanged from the outlook given in May 2019, despite lower than forecast renewable energy output in the first three months; and
    • Re-iterates SSE's intention to recommend a full-year dividend of 80 pence per share for 2019/20, in line with the five-year dividend plan set out in May 2018.
    https://sse.com/newsandviews/allarticles/2019/07/q1-2019-trading-update/
     
  7. Marvan

    Marvan Active Member

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    Over the past 10 years SSE plc (LON:SSE) has grown its dividend payouts from £0.62 to £0.97.

    With a market cap of UK£11b, SSE pays out 72% of its earnings, leading to a 8.9% yield.

    Let me elaborate on you why the stock stands out for income investors like myself.

    What Is A Dividend Rock Star?
    It is a stock that pays a stable and consistent dividend, having done so reliably for the past decade with the expectation of this continuing into the future. More specifically:

    • It is paying an annual yield above 75% of dividend payers
    • It has paid dividend every year without dramatically reducing payout in the past
    • Its dividend per share amount has increased over the past
    • It can afford to pay the current rate of dividends from its earnings
    • It has the ability to keep paying its dividends going forward
    https://finance.yahoo.com/news/grab-sse-plc-lon-sse-045524878.html
     
  8. Marvan

    Marvan Active Member

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    SSE Plc, one of Britain's big six energy suppliers, said it had agreed to sell its energy services unit to OVO Group for 500 million pounds ($617.6 million), including debt, as it looks to focus on renewable energy and electricity networks.

    Proceeds from the sale, which involves 400 million pounds in cash and 100 million pounds in loan notes, will be used to reduce SSE's net debt, the company said on Friday.

    https://finance.yahoo.com/news/sse-sell-energy-services-unit-063543951.html
     
  9. Marvan

    Marvan Active Member

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  10. Marvan

    Marvan Active Member

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    [​IMG]
    Dogger Bank Wind Farms, which is developing what will become the world’s largest offshore wind farm when built, has today unveiled GE Renewable Energy as its preferred turbine supplier.

    Under the new deal, GE Renewable Energy will supply Dogger Bank with its next generation of offshore technology, the ground-breaking Haliade-X turbine, bringing the world’s most powerful wind turbine to the world’s largest wind farm. The final number of turbines to be installed at Dogger Bank will be confirmed in due course.

    Dogger Bank Wind Farms is a 50:50 joint venture (JV) between Equinor and SSE Renewables. The overall wind farm comprises three 1.2GW projects located in the North Sea, approximately 130km from the UK’s Yorkshire Coast. The projects were recently successful in the latest Contracts for Difference (CfDs) Allocation Round, the UK Government’s auction for renewable power.

    SSE Renewables will lead the development and construction phases of Dogger Bank and Equinor will lead on operations once completed.

    https://sse.com/newsandviews/allart...urbines-to-be-used-by-dogger-bank-wind-farms/
     
  11. Marvan

    Marvan Active Member

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    [​IMG]
    SSE Renewables is delighted to announce it has today, 20 September 2019, been successful in the UK’s third Contract for Difference (CfD) Allocation Round and is set to be awarded 15-year contracts for low carbon power from offshore wind at record low strike prices.

    Dogger Bank Wind Farms and Seagreen Phase 1 have secured CfDs for over 4GW (SSE share 2.2GW) of new renewable energy after a highly competitive auction. The strike prices of £39.65/MWh and £41.61/MWh show that offshore wind in particular is now one of the cheapest forms of electricity generation in the UK.

    These consented projects will now receive guaranteed revenue for the low carbon electricity they generate for a 15-year period from the 2023/24 or 2024/25 auction delivery year. Outside the 15-year period, they will be an important asset with significant earnings capacity.

    Today’s results enhance SSE Renewables’ position as the leading renewable energy company across the UK and Ireland.Once completed these projects will generate over 20TWh of green energy annually, equivalent to nearly 7% of the UK’s current energy demand, making a significant contribution to the UK’s net zero climate change targets and contributing to SSE Renewables’ goal of trebling renewable energy output by 2030.

    https://sse.com/newsandviews/allart...-secures-2-2gw-of-new-offshore-cfd-contracts/
     

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