Investment case
SSE’S INVESTMENT CASE
- UK-listed integrated energy group focused on regulated electricity networks and renewable energy with flexible generation
- Balanced business model offering strong performance in volatile market conditions, with significant inflation protection through index-linked revenues and limited index-linked debt
- Transmission and Distribution net RAV in GB of >£9bn, with double digit RAV growth required to enable net zero
- Existing Renewables portfolio of 4.4GW, secured pipeline nearly 15GW
- Flexible Thermal assets provides stability to system and security of supply, with increasing decarbonisation options
- Commitment to sustainability through 1.5 degree science based carbon targets and leading Just Transition strategy
Key targets and ambitions | NZAP (updated) |
Five-year targets: | to 2026/27 |
- Capital investment(net) | £20.5bn |
- Adjusted earnings per share CAGR | 13 - 16% From 2021/22 94.8p |
- Dividend growth beyond 2023/24 60p rebase | Between 5 - 10% to 2026/27 |
- Net debt / EBITDA expectations | Between 3.5 - 4x |
- Net installed Renewable capacity | Around 9GW |
- Net Networks RAV | >£15bn |