SSSE: Clarity in Major Funding Plans for Growth

2 months ago

Chloe Mle

"Let's start with SSSE, the energy company looking to fund major investments uh and their share price doing well. >> Yeah, particularly well to this morning the shares raised to a record actually after SSC announced that it will raise 2 billion pounds from investors and that equity raise will be used to fund some major projects in uh grid infrastructure and renewable energy. So overall, SSC will spend 33 billion pounds over the next few years on those big projects with 80% of that uh going on uh upgrading UK power grids. So analysts said that investors are really welcoming the clarity and the visibility uh on growth and on funding that we have now got over the next 5 years for SSSE."

SSSE is positioning itself for long-term growth by raising 2 billion pounds to fund major grid infrastructure and renewable energy projects, totaling a planned 33 billion pound spend over the next few years. Investors are responding positively to the improved clarity on funding and growth prospects.