14 May 2008
SSE investment in Greater Gabbard offshore wind farm
Scottish and Southern Energy plc (“SSE”) has confirmed it will proceed with
its investment in the 504MW (megawatt) Greater Gabbard offshore wind farm.
Construction work will begin shortly and on completion this will be the world’s
largest offshore wind farm.
21 Apr 2008
New Investment in Logan Energy Limited
Scottish and Southern Energy plc ('SSE') has acquired a 21% stake in Logan
Energy Limited, a newly established subsidiary of Logan Energy (US) Inc., in
return for £375,000 and goodwill brought to the new business.
16 Apr 2008
Gothia Vind Joint Venture
Airtricity, the renewable energy development division of Scottish and
Southern Energy plc ('SSE'), has entered into a 50:50 joint venture with Gothia
Vind which is expected to lead to the development of new wind farms in western
Sweden. Based near Gothenburg, Gothia Vind is a specialist wind energy
developer.
11 Apr 2008
SSE support for fuel poor customers
Scottish and Southern Energy plc (“SSE”) has agreed with the Department for Business, Enterprise and Regulatory Reform to provide additional support for vulnerable electricity and gas customers in the period to March 2011. The UK government has stated that given the substantial commitment that an agreement of this kind represents, it will not expect companies to do more over the period 2008-11 on social assistance.
09 Apr 2008
Significant investment in Geothermal International Ltd
Scottish and Southern Energy plc ('SSE') has agreed to invest up to £15
million in cash for a 20 per cent stake in Geothermal International Ltd, from
existing shareholders. The investment will be made on a phased basis over the
next six months.
31 Mar 2008
SSE £1 million investment in Onzo Limited
Scottish and Southern Energy plc ("SSE") has agreed to invest £1million in
Onzo Limited ("Onzo"), in return for a 24.5% share of the business. SSE’s
investment partner, Sigma Capital Group plc*, will also invest £1million for an
equivalent 24.5% share.
26 Mar 2008
SSE Statement of Renewable Energy Plans
Scottish and Southern Energy plc ("SSE") has completed a review of its plans
and investment opportunities in renewable energy following its acquisition of
Airtricity Holdings Limited ("Airtricity") on 15 February 2008.
19 Mar 2008
SSE domestic energy prices from 1 April 2008
Scottish and Southern Energy plc ("SSE") will increase its prices for
domestic electricity and gas customers on 1st April 2008. Prices for electricity
customers will increase by 14.2% (average) and prices for gas customers will
increase by 15.8%. Even after these increases are implemented, SSE’s prices for
gas and electricity will remain the lowest in the UK*.