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Share Price: 1,709.50
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Ask: 1,714.50
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Renewable energy firms set to deliver multi-billion wind farms in UK

Wed, 13th May 2020 09:48

(Sharecast News) - UK green energy companies are set to deliver multi-billion pound wind farm investments across the north-east of England and Scotland to help power the new economy through clean energy.

Scottish Power plans to reopen Scotland's oldest commercial wind farm as part of a £150m scheme to develop a clean energy cluster in central Scotland capable of supplying 100,000 homes with green electricity.

The wind farm is expected to create 600 jobs at its peak, and 280 long-term jobs.

Keith Anderson, the boss of Scottish Power, told the Guardian that the upgrade of Scotland's first commercial wind farm, Hagshaw Hill, will come alongside two separate agreements to buy two nearby development projects.

Separately, SSE and Equinor have revealed plans to use the Port of Tyne to host the operations base for the world's largest offshore wind development, which will create 200 permanent jobs.

Equinor will be constructing the facility. The joint venture partner will operate the wind farm for its expected lifetime of more than 25 years and will base its O&M teams at the centre.

Construction of the wind farm, led by SSE Renewables, began in January 2020.

Secretary of State for Business Alok Sharma said: "This new facility is fantastic news for Tyneside and the North East of England. Renewable energy is one of the UK's great success stories, providing over a third of our electricity and thousands of jobs.

"Projects like Dogger Bank will be a key part of ensuring a green and resilient economic recovery as well as reaching our target of net zero emissions by 2050."

Equinor North Sea new energy solutions senior vice president Stephen Bull said: "The UK government has legislated to cut carbon emissions to net zero by 2050.

"Major scale renewable energy projects like Dogger Bank ensures Britain's leadership as the #1 offshore wind nation. Moreover, the project brings new investment to the UK, at a challenging time for us all, and secures over 200 jobs in the region as well as new opportunities in a future-fit growth sector."
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9 Feb 2024 09:15

LONDON BROKER RATINGS: Deutsche Bank cuts AstraZeneca to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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8 Feb 2024 14:42

London close: Stocks slip as US jobless claims fall

(Sharecast News) - London markets experienced a downturn in trading on Thursday, with stocks relinquishing earlier gains as investors processed a decrease in jobless claims in the United States.

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8 Feb 2024 09:08

SSE backs earnings guidance despite lower renewable production

(Alliance News) - SSE PLC on Thursday reaffirmed its adjusted earnings per share guidance for the financial year ending March 31, with a "narrower" range of probable full-year financial outcomes, following lower-than-planned renewables output over its third quarter.

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8 Feb 2024 07:23

SSE reaffirms guidance despite challenges in renewables

(Sharecast News) - SSE reaffirmed its adjusted earnings per share guidance for 2024 on Thursday, aiming for more than 150p despite facing a series of challenges in its renewables output.

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6 Feb 2024 09:53

CORRECT: Barclays cuts Entain; HSBC raises Sainsbury

(Corrects that Goldman Sachs cut Ashtead Group PLC's price target, not Ashtead Technology Holdings PLC.)

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6 Feb 2024 09:04

LONDON BROKER RATINGS: Barclays cuts Entain; HSBC raises Sainsbury

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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1 Feb 2024 15:52

UK earnings, trading statements calendar - next 7 days

Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 6 February 
Alumasc Group PLCHalf Year Results
BP PLCFull Year Results
Filtronic PLCHalf Year Results
Mattioli Woods PLCHalf Year Results
Renishaw PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Wednesday 7 February 
Ashmore Group PLCHalf Year Results
Barratt Developments PLCHalf Year Results
HydrogenOne Capital Growth PLCTrading Statement
Phoenix Spree Deutschland LtdTrading Statement
PZ Cussons PLCHalf Year Results
Smurfit Kappa Group PLCFull Year Results
UK Commercial Property REIT LtdTrading Statement
Thursday 8 February 
Anglo American PLCTrading Statement
AstraZeneca PLCFull Year Results
British American Tobacco PLCFull Year Results
Compass Group PLCTrading Statement
Redrow PLCHalf Year Results
SSE PLCTrading Statement
Unilever PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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31 Jan 2024 09:21

LONDON BROKER RATINGS: Jefferies raises Spirax-Sarco; cuts Victrex

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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15 Jan 2024 09:11

LONDON BROKER RATINGS: Exane BNP cuts HSBC; Peel Hunt raises Hammerson

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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9 Jan 2024 09:41

SSE notes subsidiary issues GBP500 million 20-year green bond

(Alliance News) - SSE PLC on Tuesday said that its subsidiary SSEN Transmission issued a green bond.

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4 Jan 2024 14:01

UK dividends calendar - next 7 days

Friday 5 January 
British Land Co PLCdividend payment date
Hill & Smith PLCdividend payment date
JD Sports Fashion PLCdividend payment date
JPMorgan Global Growth & Income PLCdividend payment date
Liontrust Asset Management PLCdividend payment date
Lok'n Store Group PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
RS Group PLCdividend payment date
Tate & Lyle PLCdividend payment date
Monday 8 January 
abrdn Equity Income Trust PLCdividend payment date
Intermediate Capital Group PLCdividend payment date
Tuesday 9 January 
no events scheduled 
Wednesday 10 January 
Assura PLCdividend payment date
Bellway PLCdividend payment date
Fidelity Special Values PLCdividend payment date
LXi REIT PLCdividend payment date
Severn Trent PLCdividend payment date
Volex PLCdividend payment date
Vp PLCdividend payment date
Thursday 11 January 
AJ Bell PLCex-dividend payment date
Ashtead Group PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCex-dividend payment date
CMC Markets PLCdividend payment date
dotdigital Group PLCex-dividend payment date
Ecora Resources PLCex-dividend payment date
European Assets Trust PLCex-dividend payment date
Foresight Group Holdings Ltdex-dividend payment date
GSK PLCdividend payment date
ICG-Longbow Senior Secured UK Property Debt Investments Ltdex-dividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
Keystone Positive Change Investment Trust PLCex-dividend payment date
LondonMetric Property PLCdividend payment date
Murray International Trust PLCex-dividend payment date
National Grid PLCdividend payment date
Primary Health Properties PLCex-dividend payment date
Sage Group PLCex-dividend payment date
Smiths News PLCex-dividend payment date
SSE PLCex-dividend payment date
Supermarket Income REIT PLCex-dividend payment date
TR Property Investment Trust PLCdividend payment date
Walker Crips Group PLCex-dividend payment date
WH Smith PLCex-dividend payment date
Worldwide Healthcare Trust PLCdividend payment date
XPS Pensions Group PLCex-dividend payment date
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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21 Dec 2023 10:34

IN BRIEF: BHP Group names Catherine Raw as chief development officer

BHP Group Ltd - Melbourne, Australia-based miner - Appoints Catherine Raw as chief development officer, effective April 29. Raw is currently managing director at SSE Thermal, a business unit of SSE PLC, and was previously chief operating officer at Barrick Gold Corp. Raw will replace BHP's current Chief Development Officer Johan van Jaarsveld, as he steps into the chief technical officer role.

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14 Dec 2023 09:29

LONDON BROKER RATINGS: JPMorgan raises Compass and Marston's

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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11 Dec 2023 15:38

London close: Stocks mixed ahead of central bank meetings

(Sharecast News) - London's stock markets closed with mixed results on Monday as miners faced pressure following disappointing Chinese economic data.

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11 Dec 2023 11:02

Morgan Stanley upbeat for utilities in 2024

(Sharecast News) - Morgan Stanley has reiterated its 'overweight' recommendations for SSE and Severn Trent, on expectations European utilities will outperform in 2024.

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