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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  SSE plc    SSE   GB0007908733

SSE PLC

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SSE Approves Final Investment Decision on GBP580 Million Viking Onshore Wind Farm

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06/17/2020 | 03:06am EDT

By Jaime Llinares Taboada

 

SSE PLC said Wednesday that it has approved a final investment decision for its 443 megawatt Viking onshore wind farm project in Shetland, Scotland.

The FTSE 100 energy group said it is now awaiting regulatory approval for a 600 megawatt transmission connection from Shetland to Great Britain mainland, which is critical for Viking to proceed.

Viking will be the largest onshore wind farm in the U.K. in terms of power output--1.9 terawatt-hour a year--and will involve capital expenditure of 580 million pounds ($729 million), SSE said.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 


Stocks mentioned in the article
ChangeLast1st jan.
SSE PLC -0.34% 1329 Delayed Quote.-7.30%
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Sales 2021 6 879 M 9 047 M 9 047 M
Net income 2021 711 M 935 M 935 M
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Average target price 1 436,68 GBX
Last Close Price 1 333,50 GBX
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