SSSE Gains Clarity With 2 Billion Pound Equity Raise

2 months ago

Steven Carroll

"Let's start with SSSE, the energy company in the UK. Shares are soaring. What's going on? Yeah, shares jumped quite a lot this morning actually hit a record and that is after SSC announced that it will raise 2 billion pounds from investors. So this equity raise will be used to fund major projects in grid infrastructure and renewable energy uh projects like wind farms for example. So SEC will spend uh 33 billion pounds overall on those projects with 80% of that going towards upgrading the UK power grids. Um journalists said that investors are welcoming the clarity that this provides over the next few years for SSSE."

The segment highlights SSSE's record-breaking share jump following an announcement to raise 2 billion pounds aimed at upgrading grid infrastructure and investing in renewable projects. This equity raise provides transparency on the company's future growth prospects over the next few years.