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

SSE PLC

(SSE)
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SSE : Calls on Irish Government to Facilitate Deployment of New Wind Farm Capacity

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07/14/2020 | 07:21am EDT

By Jaime Llinares Taboada

 

SSE PLC said Monday that it has asked the Irish government to facilitate the delivery of onshore and offshore wind farms in the country, including the proposed phase 2 for SSE's Arklow Bank wind project.

The FTSE-100 utility said Ireland needs to re-commit to delivering 1 gigawatt of new offshore wind by 2025 in the Irish Sea to meet the government's ambition of deploying 5 gigawatts by the end of the decade.

The company outlined several priorities to deliver a green economic recovery after the coronavirus crisis and help Ireland achieve an electricity system with net-zero carbon emissions by 2040.

"SSE stands ready to invest billions of euro to deliver the low-carbon infrastructure we need, boosting our economy and creating a cleaner, greener society for generations to come", said Stephen Wheeler, SSE's managing director in Ireland.

 

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

 


Stocks mentioned in the article
ChangeLast1st jan.
SSE PLC 0.43% 1284.1512 Delayed Quote.-11.26%
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Financials
Sales 2021 6 879 M 8 934 M 8 934 M
Net income 2021 711 M 924 M 924 M
Net Debt 2021 9 724 M 12 628 M 12 628 M
P/E ratio 2021 18,5x
Yield 2021 6,36%
Capitalization 13 175 M 17 104 M 17 110 M
EV / Sales 2021 3,33x
EV / Sales 2022 3,25x
Nbr of Employees 11 676
Free-Float 99,1%
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 1 439,32 GBX
Last Close Price 12,77 GBX
Spread / Highest target 13 343%
Spread / Average Target 11 175%
Spread / Lowest Target 8 650%
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Managers
NameTitle
Alistair Phillips-Davies Chief Executive Officer & Executive Director
Richard D. Gillingwater Chairman
Gregor Alexander Finance Director & Executive Director
Martin Pibworth Independent Non-Executive Director
Sue Bruce Independent Non-Executive Director
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