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Share price news: SSE investing in renewables

Share price news: SSE investing in renewables

Renewables deal in the pipeline for SSE after sourcing funding from Green Bond issue.

4 weeks ago


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SSE Plc, formerly known as Scottish and Southern Energy Plc, is an energy company involved in the generation, transmission, distribution and supply of electricity, as well as in the production, storage, distribution and supply of gas.
SSE Plc is a holding company. It operates in three segments: Networks, Retail and Wholesale. The company has around 130,000km of overhead electricity lines and underground cables, delivering power to around 3.7 million homes, offices and businesses. It also has around 10 million customer accounts for electricity, gas and other home services. SSE Plc owns a 50 percent share of Scotia Gas Networks, which has around 75,000km of pipelines delivering gas to around 5.7 million customers.
While SSE Plc operates mainly in England, Scotland, Wales, Northern Ireland and the Republic of Ireland, it is also involved in renewable energy developments in continental Europe, including the Netherlands. The company employs around 20,000 people.
SSE Plc is headquartered in Perth, Scotland, and is listed on the London Stock Exchange. It is a constituent of the FTSE 100 index.
Scottish and Southern Energy was formed in 1998 following a merger between Scottish Hydro-Electric and Southern Electric. In 2010, Scottish and Southern Energy changed its name to SSE.

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