SSE Posts 20 Percent Renewable Output Jump
British utility SSE reported a nearly 20 percent rise in first-half renewable energy output driven by investments and favorable weather. The company reiterated its full-year earnings guidance and outlined progress on major grid transmission projects.
Insights:
SSE reported a 20% rise in renewable energy output for the first half of the year across the United Kingdom, driven by major project investments and favourable weather. The utility expects adjusted EPS to land between 64p and 68p for the period. The performance reflects lower seasonality as regulated networks expand their contribution to group earnings.
