February 1 (Renewables Now) - UK utility SSE Plc (LON:SSE) said on Wednesday its renewable power output in April-December 2017, the first nine months of its fiscal year, rose by 14% year-on-year on a like-for-like basis thanks to wetter and windier weather conditions.
The company operates conventional and pumped storage hydropower plants, onshore and offshore wind farms as well as a biomass facility. Its wind power generation in the nine months increased to 4 TWh from 3 TWh.
Hydropower plants, including pumped storage facilities, produced 2.5 TWh of electricity, up from 2.1 TWh a year back, while the output of gas and oil-fired power plants, among which are combined heat and power (CHP) stations, rose to 17.6 TWh from 12.8 TWh.
SSE put on stream 516 MW of wind farms in the nine months through December 2017 and has an additional 481 MW onshore and offshore wind projects under construction. Among them is the 588-MW Beatrice offshore wind scheme in the Moray Firth, Scotland, in which SSE owns a 40% stake. The wind farm is scheduled for commissioning in 2019.
During the reporting period SSE spent GBP 1.1 billion (USD 1.55bn/EUR 1.26bn) on renewables, while capital expenditure for fiscal 2017/18 is seen at GBP 1.6 billion.
The British utility expects its overall renewable energy capacity, including pumped storage, to grow to 4.3 GW by March 2020 and enable it to produce 12 TWh of electricity per year from renewables. According to its website, the company had 2,975 MW of renewable energy assets as of end-September 2016, including its share of joint ventures.
(GBP 1.0 = USD 1.416/EUR 1.142)