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SSE PLC - FTSE 100-listed Perth, Scotland-based electricity provider - Welcomes National Grid PLC's ESO's publication of the 'Pathway to 2030' today, saying the blueprint shows the need for over £7 billion of electricity investment in the north of Scotland.
SSE says the publication ‘sets out the blueprint for the electricity transmission network infrastructure required to enable the forecast growth in renewable electricity across the UK’.
Managing Director Rob McDonald says: ‘Today's publication of the Pathway to 2030 marks a huge step forward for those wanting an electricity system independent of imported gas, reducing our price exposure to volatile global wholesale markets and helping deliver long term energy affordability. With over £7 billion of investment in grid infrastructure in the north of Scotland alone, this blueprint will unlock Scotland's vast offshore wind resources by connecting the huge renewable energy potential of wind energy needed to meet legally binding emissions reduction targets.’
Current stock price: 1,695.00 pence, down 0.1%
12-month change: up 9.2%
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