Latest news with #SSEPlc
Bloomberg
31-07-2025
- Business
- Bloomberg
Scotland Gives Go-Ahead for World's Largest Offshore Wind Farm
The Scottish government has given SSE Plc consent to build what would be the world's biggest offshore wind farm. The Berwick Bank wind farm, located off the eastern coast of Scotland could provide power to 6 million homes. The 4.1 gigawatt project has been in development for about a decade and this was the final major stage before it can start bidding for government subsidies in the next wind auction starting in August.
Bloomberg
08-05-2025
- Business
- Bloomberg
UK's Crown Estate Backs More Wind Turbines at Offshore Sites
King Charles III's Crown Estate has given the green light to developers to build higher-density wind farms on existing seabed leases as it seeks a quick, space-efficient way to bolster capacity. The announcement from the Crown Estate, which owns the UK's seabed, means that seven projects including RWE AG's Rampion 2, as well as SSE Plc's and Equinor ASA's Dogger Bank D, will be able to boost capacity by 4.7 gigawatts. This comes as the UK seeks to increase its wind capacity from 15 gigawatts to about 50 gigawatts.
Bloomberg
31-01-2025
- Business
- Bloomberg
German Wind Output Sinks, Risking Profit at Renewable Generators
German wind output has fallen to the lowest level in four years this winter, with another bout of low wind speeds that threaten profits at renewable power operations expected over the weekend. Wind generation in the country has averaged 18,000 megawatt so far in the season that started in October, the lowest since the winter of 2020/2021, Rabobank energy analysts said in a report. That could dent earnings for the renewable energy divisions of big utilities like RWE AG, SSE Plc and Orsted A/S, though higher power prices might help them balance that out, said Bloomberg Intelligence senior analyst Patricio Alvarez.
