SSE collects green assets in new company

The Scottish utility has decided to aggregate its renewable energy assets into one new company.

Photo: SSE

With the establishment of SSE Renewables, Scottish utility SSE has collected its renewable energy assets into one new company. The new enterprise will help the parent company realize its vision of becoming a leading global energy company with a low carbon footprint, reports SSE in a press statement.

According to the press release, SSE Renewables will consist of SSE's current green assets – both operational and under development. These include onshore and offshore wind, hydroelectric as well as energy storage and are all located in either Ireland or the UK. SSE informs that the company is looking into expanding its green business outside of Ireland and the UK, and the founding of SSE Renewables is expected to provide further opportunities in new markets, the statement informs.

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