SSE Cuts Spending Plan by £3 Billion Amid Slowing Growth
SSE Plc cut its five-year spending plan by £3 billion ($4 billion) as projects slow amid planning delays.
The program now totals about £17.5 billion, the UK utility said Wednesday. The company booked a £249.5 million impairment on its investment in renewables projects in southern Europe, reflecting a build-out that's slower than planned because of sector-wide delays to permitting and grid connections.
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