December 2, 2022

SSE sells £1.5bn stake in electrical energy transmission community

SSE sells 15bn stake in electricity transmission network

SSE sells 15bn stake in electricity transmission network

SSE, the FTSE 100 power firm, has bought a 25 per cent stake in its electrical energy transmission community in Scotland to Ontario Lecturers’ Pension Plan Board for £1.5bn, because it seeks to lift money to put money into renewable power.

SSE put the enterprise up on the market final November however the course of has taken greater than a 12 months. The proceeds might be used to pay for the transition to renewables reminiscent of funding in wind farms.

London-listed SSE operates gas-fired and hydroelectric energy crops and…

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