SSE to invest in green energy - 03/10/2011
People who are looking to perform an energy comparison in order to find cheap electricity deals may be interested to hear how one company is looking to invest in green power generation.
Scottish and Southern Energy (SSE) stated it expects to invest £1.7 billion in 2011-12, with much of this to be spent on developing new wind farms.
It has stakes in 12 onshore projects, including 350MW scheme in Clyde that is projected to cost over £500 million and be completed by the middle of next year.
SSE is also involved in an offshore development at Greater Gabbard, which should have 140 turbines working by the end of 2012.
Chief executive of the firm Ian Marchant said 2011 so far has been characterised by "volatile wholesale energy markets and rapidly-changing retail markets, which makes it all the more important that companies have a long-term view".
Recent data from the Department of Energy and Climate Change revealed renewable sources are making up more of the UK's energy market than ever before, with output from wind growing by 120 per cent year-on-year.
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